{"id":405460,"date":"2021-03-18T08:42:04","date_gmt":"2021-03-18T03:12:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405460"},"modified":"2021-03-18T09:36:29","modified_gmt":"2021-03-18T04:06:29","slug":"oil-steady-as-demand-worries-counter-surprise-drop-in-us-crude-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steady-as-demand-worries-counter-surprise-drop-in-us-crude-stocks\/","title":{"rendered":"Oil steady as demand worries counter surprise drop in US crude stocks"},"content":{"rendered":"<p>MELBOURNE\/SINGAPORE (Reuters) &#8211; Oil prices were mixed on Wednesday as concerns over rocky demand in Europe counterbalanced hopes of a recovery in U.S. refinery activity as industry data showed U.S. crude stockpiles unexpectedly fell last week. <\/p>\n<p>&#8220;Demand fears based on the stalled European vaccine roll out is containing an otherwise positive environment,&#8221; said Michael McCarthy, chief market strategist at CMC Markets in Sydney.<\/p>\n<p>Brent crude futures fell 7 cents, or 0.1%, to $68.32 a barrel by 0458 GMT, after initially gaining as much as 23 cents.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 4 cents to $64.84, after climbing as much as 28 cents in early trade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE\/SINGAPORE (Reuters) &#8211; Oil prices were mixed on Wednesday as concerns over rocky demand in Europe counterbalanced hopes of a recovery in U.S. refinery activity as industry data showed U.S. crude stockpiles unexpectedly fell last week. &#8220;Demand fears based on the stalled European vaccine roll out is containing an otherwise positive environment,&#8221; said Michael McCarthy, chief market strategist at CMC Markets in Sydney. Brent crude futures fell 7 cents, or 0.1%, to $68.32 a barrel by 0458 GMT, after initially gaining as much as 23 cents. U.S. West Texas Intermediate (WTI) crude futures rose 4 cents to $64.84, after climbing [&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-405460","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\/405460","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=405460"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405460\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}