{"id":404271,"date":"2021-03-11T08:49:06","date_gmt":"2021-03-11T03:19:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404271"},"modified":"2021-03-11T09:54:16","modified_gmt":"2021-03-11T04:24:16","slug":"oil-dips-after-surge-in-u-s-crude-inventories","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dips-after-surge-in-u-s-crude-inventories\/","title":{"rendered":"Oil dips after surge in U.S. crude inventories"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices fell on Wednesday after a large jump in U.S. crude inventories in the aftermath of last month&#8217;s Texas winter storm, but price declines were limited due to an upbeat forecast for global economic recovery. <\/p>\n<p>Brent crude lost 30 cents, or 0.4%, at $67.22 a barrel by 11:31 a.m. EST (1631 GMT) and U.S. West Texas Intermediate crude shed 38 cents, or 0.6%, at $63.63 a barrel. <\/p>\n<p>U.S. crude oil stocks jumped 13.8 million barrels last week, far exceeding forecasts for a 816,000-barrel rise, as the nation&#8217;s oil industry continued to feel the effects of a winter storm mid-February that stalled refining and forced production shut-ins in Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices fell on Wednesday after a large jump in U.S. crude inventories in the aftermath of last month&#8217;s Texas winter storm, but price declines were limited due to an upbeat forecast for global economic recovery. Brent crude lost 30 cents, or 0.4%, at $67.22 a barrel by 11:31 a.m. EST (1631 GMT) and U.S. West Texas Intermediate crude shed 38 cents, or 0.6%, at $63.63 a barrel. U.S. crude oil stocks jumped 13.8 million barrels last week, far exceeding forecasts for a 816,000-barrel rise, as the nation&#8217;s oil industry continued to feel the effects of [&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-404271","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\/404271","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=404271"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404271\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}