{"id":366417,"date":"2020-08-06T10:22:00","date_gmt":"2020-08-06T04:52:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366417"},"modified":"2020-08-06T11:02:59","modified_gmt":"2020-08-06T05:32:59","slug":"oil-prices-at-five-month-high-on-big-drop-in-us-crude-stocks-weak-dollar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-at-five-month-high-on-big-drop-in-us-crude-stocks-weak-dollar\/","title":{"rendered":"Oil prices at five-month high on big drop in US crude stocks, weak dollar"},"content":{"rendered":"<p>Oil prices rose to their highest since early March on Wednesday on a drop in US crude inventories and the weak dollar, but mounting coronavirus infections weighed on the demand outlook. <\/p>\n<p>Brent crude was up $1.50, or 3.4 per cent, at $45.93 a barrel by 13:45 GMT, while West Texas Intermediate oil rose $1.51, or 3.6 per cent, to $43.21 a barrel. <\/p>\n<p>Both contracts gained over 4 per cent earlier in the session. <\/p>\n<p>US crude inventories fell by 8.6 million barrels in the week to August 1 to 520 million barrels, compared with analysts&#8217; expectations for a 3 million barrel drop, the American Petroleum Institute found.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose to their highest since early March on Wednesday on a drop in US crude inventories and the weak dollar, but mounting coronavirus infections weighed on the demand outlook. Brent crude was up $1.50, or 3.4 per cent, at $45.93 a barrel by 13:45 GMT, while West Texas Intermediate oil rose $1.51, or 3.6 per cent, to $43.21 a barrel. Both contracts gained over 4 per cent earlier in the session. US crude inventories fell by 8.6 million barrels in the week to August 1 to 520 million barrels, compared with analysts&#8217; expectations for a 3 million barrel [&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":[135,130,169],"tags":[],"class_list":["post-366417","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366417","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=366417"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366417\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}