{"id":392468,"date":"2020-12-31T08:50:52","date_gmt":"2020-12-31T03:20:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=392468"},"modified":"2020-12-31T09:30:45","modified_gmt":"2020-12-31T04:00:45","slug":"oil-prices-flat-us-crude-stock-draw-supports-but-demand-hopes-dim","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-flat-us-crude-stock-draw-supports-but-demand-hopes-dim\/","title":{"rendered":"Oil prices flat; US crude stock draw supports but demand hopes dim"},"content":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices traded flat on Wednesday, supported by a draw in U.S. crude inventories and Britain&#8217;s approval of a second coronavirus vaccine but pressured by swelling year-over-year supply and the view that a federal aid package would be slimmer than hoped. <\/p>\n<p>Brent crude futures gained 9 cents to $51.18 a barrel 11:44 EDT (1544 GMT), off the session high of $51.56 and well lower than the $66 price that started the year. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude fell 4 cents to trade at $47.96, substantially down from about $62 at the start of 2020. <\/p>\n<p>Both contracts slipped early the session as a bigger fiscal aid package in the United States looked increasingly unlikely, dampening hopes for a swifter recovery of oil demand that has been hammered by the COVID-19 pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) &#8211; Oil prices traded flat on Wednesday, supported by a draw in U.S. crude inventories and Britain&#8217;s approval of a second coronavirus vaccine but pressured by swelling year-over-year supply and the view that a federal aid package would be slimmer than hoped. Brent crude futures gained 9 cents to $51.18 a barrel 11:44 EDT (1544 GMT), off the session high of $51.56 and well lower than the $66 price that started the year. U.S. West Texas Intermediate (WTI) crude fell 4 cents to trade at $47.96, substantially down from about $62 at the start of 2020. Both contracts [&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-392468","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\/392468","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=392468"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/392468\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=392468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=392468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=392468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}