{"id":359277,"date":"2020-06-25T11:35:21","date_gmt":"2020-06-25T06:05:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359277"},"modified":"2020-06-25T11:35:21","modified_gmt":"2020-06-25T06:05:21","slug":"crude-oil-prices-down-2-as-us-crude-inventories-swell-pandemic-resurgence-feared","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-down-2-as-us-crude-inventories-swell-pandemic-resurgence-feared\/","title":{"rendered":"Crude oil prices down $2 as US crude inventories swell, pandemic resurgence feared"},"content":{"rendered":"<p>NEW YORK: Oil prices fell $2 a barrel on Wednesday, as investors worried about record high crude inventories and feared that a second wave of the coronavirus pandemic could stall the reopening of global economies and cut fuel demand.<\/p>\n<p>Brent crude was down $2.04, or 4.8 per cent, to $40.59 a barrel by 11:03 a.m. EDT (1503 GMT), a day after hitting its highest since prices started plunging in March. US West Texas Intermediate (WTI) crude fell $2.04, or 5.1 per cent, to $38.33 a barrel.<\/p>\n<p>US crude oil inventories swelled last week by 1.4 million barrels, far exceeding analysts&#8217; expectations in a Reuters poll for a 299,000-barrel rise, the Energy Information Administration said, citing rising production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Oil prices fell $2 a barrel on Wednesday, as investors worried about record high crude inventories and feared that a second wave of the coronavirus pandemic could stall the reopening of global economies and cut fuel demand. Brent crude was down $2.04, or 4.8 per cent, to $40.59 a barrel by 11:03 a.m. EDT (1503 GMT), a day after hitting its highest since prices started plunging in March. US West Texas Intermediate (WTI) crude fell $2.04, or 5.1 per cent, to $38.33 a barrel. US crude oil inventories swelled last week by 1.4 million barrels, far exceeding analysts&#8217; [&hellip;]<\/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-359277","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\/359277","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=359277"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359277\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}