{"id":356997,"date":"2020-06-12T11:58:42","date_gmt":"2020-06-12T06:28:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356997"},"modified":"2020-06-12T11:58:42","modified_gmt":"2020-06-12T06:28:42","slug":"crude-oil-prices-hit-by-record-us-crude-inventories-bearish-fed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-hit-by-record-us-crude-inventories-bearish-fed\/","title":{"rendered":"Crude oil prices hit by record US crude inventories, bearish Fed"},"content":{"rendered":"<p>LONDON: Oil prices fell on Thursday, hit by another record build-up in US crude inventories and the US Federal Reserve&#8217;s projections that the world&#8217;s biggest economy would shrink 6.5 per cent this year.<\/p>\n<p>Brent crude futures erased Wednesday&#8217;s gains, falling 3.6 per cent, or $1.50, to $40.23 a barrel by 0802 GMT. US West Texas Intermediate (WTI) crude dropped 4 per cent, or $1.57, to $38.03 a barrel.<\/p>\n<p>With demand risks back at the forefront, both benchmarks are set for their worst daily drop in two weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil prices fell on Thursday, hit by another record build-up in US crude inventories and the US Federal Reserve&#8217;s projections that the world&#8217;s biggest economy would shrink 6.5 per cent this year. Brent crude futures erased Wednesday&#8217;s gains, falling 3.6 per cent, or $1.50, to $40.23 a barrel by 0802 GMT. US West Texas Intermediate (WTI) crude dropped 4 per cent, or $1.57, to $38.03 a barrel. With demand risks back at the forefront, both benchmarks are set for their worst daily drop in two weeks.<\/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-356997","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\/356997","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=356997"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356997\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}