{"id":379829,"date":"2020-10-22T08:56:00","date_gmt":"2020-10-22T03:26:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379829"},"modified":"2020-10-22T09:32:50","modified_gmt":"2020-10-22T04:02:50","slug":"oil-prices-slide-as-us-inventory-report-reflects-demand-weakness","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slide-as-us-inventory-report-reflects-demand-weakness\/","title":{"rendered":"Oil prices slide as US inventory report reflects demand weakness"},"content":{"rendered":"<p>Oil prices settled lower on Wednesday after US inventory figures showed demand weakening for refined products as global Covid-19 cases spiked. <\/p>\n<p>Brent crude futures settled at $41.73 a barrel, down $1.43, or 3.3 per cent, as of 12:48 p.m. ET. US West Texas Intermediate (WTI) crude futures dropped $1.67, or 4 per cent, to $40.03. Both benchmarks rose in the previous session. <\/p>\n<p>Crude inventories fell by 1 million barrels in the week to Oct. 16 to 488.1 million barrels, while gasoline stocks rose in another weak showing for fuel demand. <\/p>\n<p>Overall product supplied, a proxy for demand, remained down 13 per cent on the year and over the past four weeks when compared with the year-ago period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices settled lower on Wednesday after US inventory figures showed demand weakening for refined products as global Covid-19 cases spiked. Brent crude futures settled at $41.73 a barrel, down $1.43, or 3.3 per cent, as of 12:48 p.m. ET. US West Texas Intermediate (WTI) crude futures dropped $1.67, or 4 per cent, to $40.03. Both benchmarks rose in the previous session. Crude inventories fell by 1 million barrels in the week to Oct. 16 to 488.1 million barrels, while gasoline stocks rose in another weak showing for fuel demand. Overall product supplied, a proxy for demand, remained down 13 [&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-379829","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\/379829","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=379829"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379829\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}