{"id":405264,"date":"2021-03-17T08:50:39","date_gmt":"2021-03-17T03:20:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405264"},"modified":"2021-03-17T09:34:08","modified_gmt":"2021-03-17T04:04:08","slug":"oil-dips-on-demand-worries-despite-surprise-drop-in-us-crude-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-dips-on-demand-worries-despite-surprise-drop-in-us-crude-stocks\/","title":{"rendered":"Oil dips on demand worries despite surprise drop in US crude stocks"},"content":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices slipped for a fourth day on Wednesday on worries about rocky demand in Europe, even as hopes of a recovery in U.S. refinery activity were boosted by industry data that showed U.S. crude stockpiles unexpectedly fell last week. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures dipped 5 cents to $64.75 a barrel at 0229 GMT, after climbing as much as 28 cents in early trade.<\/p>\n<p>Brent crude futures fell 10 cents, or 0.2%, to $68.29 a barrel, after initially gaining as much as 23 cents.<\/p>\n<p>The market has been drifting lower over the past few days amid concerns about stalled vaccine rollouts slowing a recovery in fuel demand.<\/p>\n<p>&#8220;Concerns that demand could fall further have been rising as Europe&#8217;s health ministers suspend the rollout of AstraZeneca vaccine amid health concerns,&#8221; ANZ Research said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices slipped for a fourth day on Wednesday on worries about rocky demand in Europe, even as hopes of a recovery in U.S. refinery activity were boosted by industry data that showed U.S. crude stockpiles unexpectedly fell last week. U.S. West Texas Intermediate (WTI) crude futures dipped 5 cents to $64.75 a barrel at 0229 GMT, after climbing as much as 28 cents in early trade. Brent crude futures fell 10 cents, or 0.2%, to $68.29 a barrel, after initially gaining as much as 23 cents. The market has been drifting lower over the past few [&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-405264","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\/405264","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=405264"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405264\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}