{"id":377290,"date":"2020-10-08T08:37:49","date_gmt":"2020-10-08T03:07:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=377290"},"modified":"2020-10-08T09:17:22","modified_gmt":"2020-10-08T03:47:22","slug":"oil-prices-decline-over-2-on-us-stimulus-impasse-stockpile-rise","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-decline-over-2-on-us-stimulus-impasse-stockpile-rise\/","title":{"rendered":"Oil prices decline over 2% on US stimulus impasse, stockpile rise"},"content":{"rendered":"<p>Oil prices fell on Wednesday after US President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy, with prices also pressured by a larger-than-expected rise in US crude inventories. Brent crude futures were down $1.05, or 2.5 per cent, to $41.60 a barrel by 7.33 pm (IST) and US West Texas Intermediate (WTI) crude declined $1.19, or 2.9 per cent, to $39.48. <\/p>\n<p>\u201cTrump pulling out of relief negotiations generates a lot of uncertainty about the economy &#8230; we also didn\u2019t get a constructive set of the data in terms of oil consumption,\u201d said Harry Tchilinguirian, head (commodities research), BNP Paribas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Wednesday after US President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy, with prices also pressured by a larger-than-expected rise in US crude inventories. Brent crude futures were down $1.05, or 2.5 per cent, to $41.60 a barrel by 7.33 pm (IST) and US West Texas Intermediate (WTI) crude declined $1.19, or 2.9 per cent, to $39.48. \u201cTrump pulling out of relief negotiations generates a lot of uncertainty about the economy &#8230; we also didn\u2019t get a constructive set of the data in terms of oil consumption,\u201d said Harry Tchilinguirian, [&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-377290","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\/377290","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=377290"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377290\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=377290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=377290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=377290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}