{"id":387271,"date":"2020-12-03T09:24:21","date_gmt":"2020-12-03T03:54:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387271"},"modified":"2020-12-03T09:54:33","modified_gmt":"2020-12-03T04:24:33","slug":"oil-prices-drop-on-us-stock-build-delay-in-opec-meeting-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-drop-on-us-stock-build-delay-in-opec-meeting-2\/","title":{"rendered":"Oil prices drop on US stock build, delay in OPEC+ meeting"},"content":{"rendered":"<p>Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January.<\/p>\n<p>Brent crude oil futures were down by 27 cents, or 0.6 per cent, at $47.15 a barrel by 0131 GMT, while West Texas Intermediate crude was down by 29 cents, or 0.7 per cent, at $44.26.<\/p>\n<p>Industry data from the American Petroleum Institute showed US crude inventories rose by 4.1 million barrels last week, compared with analysts&#8217; expectations in a Reuters poll for a draw of 2.4 million barrels. <\/p>\n<p>The numbers came after the Organization of the Petroleum Exporting Countries (OPEC), Russia and other allies, a group known as OPEC+, postponed talks on next year&#8217;s oil output policy to Thursday from Tuesday, sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January. Brent crude oil futures were down by 27 cents, or 0.6 per cent, at $47.15 a barrel by 0131 GMT, while West Texas Intermediate crude was down by 29 cents, or 0.7 per cent, at $44.26. Industry data from the American Petroleum Institute showed US crude inventories rose by 4.1 million barrels last week, compared with analysts&#8217; expectations in [&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-387271","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\/387271","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=387271"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387271\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}