{"id":370320,"date":"2020-08-27T12:28:48","date_gmt":"2020-08-27T06:58:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=370320"},"modified":"2020-08-27T13:20:39","modified_gmt":"2020-08-27T07:50:39","slug":"oil-holds-near-five-month-high-on-us-output-cuts-and-inventories","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-near-five-month-high-on-us-output-cuts-and-inventories\/","title":{"rendered":"Oil holds near five-month high on US output cuts and inventories"},"content":{"rendered":"<p>Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in US crude inventories.<\/p>\n<p>Renewed worries over the Covid-19 pandemic, which has squeezed demand and sent prices to record lows in April, capped gains after reports this week of patients being re-infected, raising concerns about future immunity.<\/p>\n<p>Brent crude rose 2 cents to $45.88 a barrel by 0815 GMT, while US West Texas Intermediate crude fell 3 cents to $43.32. Both benchmarks settled at a five-month high on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in US crude inventories. Renewed worries over the Covid-19 pandemic, which has squeezed demand and sent prices to record lows in April, capped gains after reports this week of patients being re-infected, raising concerns about future immunity. Brent crude rose 2 cents to $45.88 a barrel by 0815 GMT, while US West Texas Intermediate crude fell 3 cents to $43.32. Both benchmarks settled at [&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":[141,130,183],"tags":[],"class_list":["post-370320","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\/370320","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=370320"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/370320\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=370320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=370320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=370320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}