{"id":357069,"date":"2020-06-12T12:25:05","date_gmt":"2020-06-12T06:55:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=357069"},"modified":"2020-06-12T12:51:50","modified_gmt":"2020-06-12T07:21:50","slug":"oil-prices-hit-by-record-us-crude-inventories-bearish-fed","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-hit-by-record-us-crude-inventories-bearish-fed\/","title":{"rendered":"Oil prices hit by record US crude inventories, bearish Fed"},"content":{"rendered":"<p>Oil prices fell on Thursday, hit by another record build-up in US crude inventories and the US Federal Reserve\u2019s projections that the world\u2019s biggest economy would shrink 6.5% this year.<\/p>\n<p>Brent crude futures erased Wednesday\u2019s gains, falling 4%, or $1.65, to $40.08 a barrel by 1156 GMT. US West Texas Intermediate (WTI) crude dropped 4.7%, or $1.87, to $37.73 a barrel.<\/p>\n<p>Both benchmarks are set for their worst daily drop in two weeks.<\/p>\n<p>\u201cPrices are once again under pressure as concerns over the pace of the demand recovery intensified,\u201d said Rystad Energy\u2019s oil markets analyst Paola Rodriguez Masiu.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Thursday, hit by another record build-up in US crude inventories and the US Federal Reserve\u2019s projections that the world\u2019s biggest economy would shrink 6.5% this year. Brent crude futures erased Wednesday\u2019s gains, falling 4%, or $1.65, to $40.08 a barrel by 1156 GMT. US West Texas Intermediate (WTI) crude dropped 4.7%, or $1.87, to $37.73 a barrel. Both benchmarks are set for their worst daily drop in two weeks. \u201cPrices are once again under pressure as concerns over the pace of the demand recovery intensified,\u201d said Rystad Energy\u2019s oil markets analyst Paola Rodriguez Masiu.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-357069","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357069","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=357069"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/357069\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=357069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=357069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=357069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}