{"id":384948,"date":"2020-11-19T09:28:56","date_gmt":"2020-11-19T03:58:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384948"},"modified":"2020-11-19T11:08:53","modified_gmt":"2020-11-19T05:38:53","slug":"oil-mixed-as-hopes-opec-delays-supply-increase-offset-demand-concerns","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-mixed-as-hopes-opec-delays-supply-increase-offset-demand-concerns\/","title":{"rendered":"Oil mixed as hopes OPEC+ delays supply increase offset demand concerns"},"content":{"rendered":"<p>Oil prices were mixed on Wednesday as a bigger-than-expected build in US crude stocks and weaker US retail sales stoked fears over fuel demand, although hopes that OPEC and its allies will delay a planned rise in oil output lent support. <\/p>\n<p>Brent crude futures for January rose 3 cents, or 0.1%, to $43.78 a barrel by 0430 GMT, while US West Texas Intermediate crude for December eased 3 cents, or 0.1%, to $41.40 a barrel. <\/p>\n<p>The American Petroleum Institute (API) said on Tuesday that US crude stockpiles rose by 4.2 million barrels last week, well above analysts&#8217; expectations in a Reuters poll for a build of 1.7 million barrels. <\/p>\n<p>&#8220;The API crude inventories rose much higher than expected, which added to pressure,&#8221; said Jeffrey Halley, senior market analyst at OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were mixed on Wednesday as a bigger-than-expected build in US crude stocks and weaker US retail sales stoked fears over fuel demand, although hopes that OPEC and its allies will delay a planned rise in oil output lent support. Brent crude futures for January rose 3 cents, or 0.1%, to $43.78 a barrel by 0430 GMT, while US West Texas Intermediate crude for December eased 3 cents, or 0.1%, to $41.40 a barrel. The American Petroleum Institute (API) said on Tuesday that US crude stockpiles rose by 4.2 million barrels last week, well above analysts&#8217; expectations in a [&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":[146,130,177],"tags":[],"class_list":["post-384948","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384948","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=384948"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384948\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}