{"id":386348,"date":"2020-11-26T11:26:42","date_gmt":"2020-11-26T05:56:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=386348"},"modified":"2020-11-26T12:44:32","modified_gmt":"2020-11-26T07:14:32","slug":"oil-holds-gains-on-surprise-us-stock-draw-and-vaccine-optimism","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-holds-gains-on-surprise-us-stock-draw-and-vaccine-optimism\/","title":{"rendered":"Oil holds gains on surprise US stock draw and vaccine optimism"},"content":{"rendered":"<p>Oil held onto eight-month highs after a surprise decline in U.S. crude supplies added to optimism that breakthroughs on a Covid-19 vaccine and an impending rollout will kickstart a strong rebound in demand next year.<\/p>\n<p>Futures in New York rose as much as 1.8% on Wednesday. An Energy Information Administration report showed U.S. crude stockpiles fell 754,000 barrels last week, along with a 10th straight weekly draw in distillate inventories. Still, the EIA report also showed gasoline stockpiles rose over 2 million barrels last week and crude production ticked higher.<\/p>\n<p>Prices advanced earlier after Chinese and Indian refiners issued a flurry of tenders seeking crude oil for loading in January, highlighting the strong demand coming from parts of Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil held onto eight-month highs after a surprise decline in U.S. crude supplies added to optimism that breakthroughs on a Covid-19 vaccine and an impending rollout will kickstart a strong rebound in demand next year. Futures in New York rose as much as 1.8% on Wednesday. An Energy Information Administration report showed U.S. crude stockpiles fell 754,000 barrels last week, along with a 10th straight weekly draw in distillate inventories. Still, the EIA report also showed gasoline stockpiles rose over 2 million barrels last week and crude production ticked higher. Prices advanced earlier after Chinese and Indian refiners issued 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":[139,130,187],"tags":[],"class_list":["post-386348","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386348","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=386348"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386348\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=386348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=386348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=386348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}