{"id":375137,"date":"2020-09-25T08:49:21","date_gmt":"2020-09-25T03:19:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=375137"},"modified":"2020-09-25T09:37:22","modified_gmt":"2020-09-25T04:07:22","slug":"crude-steady-as-rising-european-covid-19-cases-offset-us-oil-stock-draw","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-steady-as-rising-european-covid-19-cases-offset-us-oil-stock-draw\/","title":{"rendered":"Crude steady as rising European Covid-19 cases offset US oil stock draw"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices were steady on Thursday as a new wave of coronavirus cases in Europe led several countries to reimpose travel restrictions, offsetting a bullish drop in U.S. crude and fuel inventories. <\/p>\n<p>Brent futures settled 17 cents, or 0.4%, higher at $41.94 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 38 cents, or 1.0%, to end at $40.31. <\/p>\n<p>That cut Brent&#8217;s premium over WTI to its smallest closing level since late May when WTI settled higher than Brent on one day. <\/p>\n<p>&#8220;Oil prices (are) stable for now but downside pressure remains &#8230; due to rising COVID numbers across Europe,&#8221; said Craig Erlam, senior analysts at OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices were steady on Thursday as a new wave of coronavirus cases in Europe led several countries to reimpose travel restrictions, offsetting a bullish drop in U.S. crude and fuel inventories. Brent futures settled 17 cents, or 0.4%, higher at $41.94 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 38 cents, or 1.0%, to end at $40.31. That cut Brent&#8217;s premium over WTI to its smallest closing level since late May when WTI settled higher than Brent on one day. &#8220;Oil prices (are) stable for now but downside pressure remains &#8230; due to [&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-375137","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\/375137","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=375137"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/375137\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=375137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=375137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=375137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}