{"id":384951,"date":"2020-11-19T09:29:30","date_gmt":"2020-11-19T03:59:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=384951"},"modified":"2020-11-19T11:13:55","modified_gmt":"2020-11-19T05:43:55","slug":"oil-falls-as-big-build-in-us-crude-stockpiles-raises-spectre-of-supply-glut","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-big-build-in-us-crude-stockpiles-raises-spectre-of-supply-glut\/","title":{"rendered":"Oil falls as big build in US crude stockpiles raises spectre of supply glut"},"content":{"rendered":"<p>Oil prices fell on Wednesday after a bigger-than-expected build in US crude stockpiles stoked fears for weak fuel demand and a potential supply glut, but hopes that OPEC and its allies will postpone a planned January increase to oil output braked losses. <\/p>\n<p>Brent crude futures for January dropped 14 cents, or 0.3%, to $43.61 a barrel by 0142 GMT having lost 0.2% on Tuesday. US West Texas Intermediate crude for December slid 25 cents, or 0.6%, to $41.18 a barrel, reversing a 0.2% gain on Tuesday.<\/p>\n<p>The American Petroleum Institute (API) said on Tuesday that US crude inventories 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","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Wednesday after a bigger-than-expected build in US crude stockpiles stoked fears for weak fuel demand and a potential supply glut, but hopes that OPEC and its allies will postpone a planned January increase to oil output braked losses. Brent crude futures for January dropped 14 cents, or 0.3%, to $43.61 a barrel by 0142 GMT having lost 0.2% on Tuesday. US West Texas Intermediate crude for December slid 25 cents, or 0.6%, to $41.18 a barrel, reversing a 0.2% gain on Tuesday. The American Petroleum Institute (API) said on Tuesday that US crude inventories rose by [&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-384951","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\/384951","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=384951"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/384951\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=384951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=384951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=384951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}