{"id":356844,"date":"2020-06-11T12:06:23","date_gmt":"2020-06-11T06:36:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356844"},"modified":"2020-06-11T12:06:23","modified_gmt":"2020-06-11T06:36:23","slug":"oil-slides-below-41-as-us-inventory-rise-revives-glut-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-slides-below-41-as-us-inventory-rise-revives-glut-worries\/","title":{"rendered":"Oil slides below $41 as US inventory rise revives glut worries"},"content":{"rendered":"<p>NEW YORK: Oil fell more than 2 per cent to below $41 a barrel on Wednesday after US data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand during the lingering coronavirus crisis.<\/p>\n<p>Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to a report from the US Energy Information Administration .<\/p>\n<p>The build exceeded analysts&#8217; expectations but was smaller than the build of 8.4 million barrels reported on Tuesday by the American Petroleum Institute, an industry group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Oil fell more than 2 per cent to below $41 a barrel on Wednesday after US data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand during the lingering coronavirus crisis. Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to a report from the US Energy Information Administration . The build exceeded analysts&#8217; expectations but was smaller than the build of 8.4 million barrels reported on Tuesday by the American Petroleum Institute, an industry group.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-356844","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=356844"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356844\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}