{"id":362857,"date":"2020-07-15T11:18:15","date_gmt":"2020-07-15T05:48:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=362857"},"modified":"2020-07-15T11:45:07","modified_gmt":"2020-07-15T06:15:07","slug":"oil-climbs-after-sharp-drop-in-us-crude-stocks-opec-committee-meeting-in-focus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-after-sharp-drop-in-us-crude-stocks-opec-committee-meeting-in-focus\/","title":{"rendered":"Oil climbs after sharp drop in US crude stocks; OPEC committee meeting in focus"},"content":{"rendered":"<p>Oil prices rose on Wednesday following a sharp drop in US crude inventories, with the market waiting for next steps from a meeting later in the day on the future level of output cuts by OPEC and its allies.<\/p>\n<p>Brent crude futures were up 19 cents, or 0.4%, at $43.09 a barrel as of 0343 GMT, and US West Texas Intermediate (WTI) crude futures rose 17 cents, or 0.4%, to $40.46 a barrel.<\/p>\n<p>Reflecting a recovery in fuel demand despite the coronavirus pandemic, US crude inventories fell by 8.3 million barrels in the week to July 10, beating analysts\u2019 expectations for a decline of 2.1 million barrels, according to data from industry group the American Petroleum Institute.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday following a sharp drop in US crude inventories, with the market waiting for next steps from a meeting later in the day on the future level of output cuts by OPEC and its allies. Brent crude futures were up 19 cents, or 0.4%, at $43.09 a barrel as of 0343 GMT, and US West Texas Intermediate (WTI) crude futures rose 17 cents, or 0.4%, to $40.46 a barrel. Reflecting a recovery in fuel demand despite the coronavirus pandemic, US crude inventories fell by 8.3 million barrels in the week to July 10, beating analysts\u2019 expectations [&hellip;]<\/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":[130],"tags":[],"class_list":["post-362857","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362857","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=362857"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/362857\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=362857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=362857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=362857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}