{"id":373155,"date":"2020-09-11T08:50:49","date_gmt":"2020-09-11T03:20:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=373155"},"modified":"2020-09-11T09:20:05","modified_gmt":"2020-09-11T03:50:05","slug":"oil-prices-fall-as-growing-us-stockpiles-signal-bumpy-demand-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-growing-us-stockpiles-signal-bumpy-demand-recovery\/","title":{"rendered":"Oil prices fall as growing US stockpiles signal bumpy demand recovery"},"content":{"rendered":"<p>SINGAPORE\/MELBOURNE (Reuters) &#8211; Oil prices slid on Thursday after data showed U.S. crude stockpiles unexpectedly rose last week, stoking concern about a sluggish recovery in fuel demand as coronavirus cases continue to surge in many countries. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.63%, to $37.81 a barrel at 0417 GMT, after climbing 3.5% on Wednesday. <\/p>\n<p>Brent crude futures dropped 17 cents, or 0.42% to $40.62 a barrel, after rising 2.5% on Wednesday. <\/p>\n<p>The oil market is under pressure on the prospect of both subdued demand and rising supply, ANZ analysts said in a note. The U.S. Energy Information Administration (EIA) will release official weekly inventory data later on Thursday, a day later than normal following this week&#8217;s U.S. Labor Day holiday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE\/MELBOURNE (Reuters) &#8211; Oil prices slid on Thursday after data showed U.S. crude stockpiles unexpectedly rose last week, stoking concern about a sluggish recovery in fuel demand as coronavirus cases continue to surge in many countries. U.S. West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.63%, to $37.81 a barrel at 0417 GMT, after climbing 3.5% on Wednesday. Brent crude futures dropped 17 cents, or 0.42% to $40.62 a barrel, after rising 2.5% on Wednesday. The oil market is under pressure on the prospect of both subdued demand and rising supply, ANZ analysts said in a note. The [&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-373155","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\/373155","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=373155"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/373155\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=373155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=373155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=373155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}