{"id":408369,"date":"2021-04-01T08:59:00","date_gmt":"2021-04-01T03:29:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408369"},"modified":"2021-04-01T09:41:00","modified_gmt":"2021-04-01T04:11:00","slug":"oil-prices-mixed-as-us-crude-inventory-draw-supports-opec-concerns-weigh","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-mixed-as-us-crude-inventory-draw-supports-opec-concerns-weigh\/","title":{"rendered":"Oil prices mixed as US crude inventory draw supports, OPEC+ concerns weigh"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices were mixed on Wednesday, supported by a draw in U.S. crude inventories but pressured by concerns about the market&#8217;s recovery after OPEC and its allies lowered their 2021 demand growth forecast. <\/p>\n<p>Brent crude for May, which expires on Wednesday, fell 23 cents, or 0.4%, to $63.91 a barrel at 11:05 a.m. EDT (1505 GMT). The more active Brent contract for June was up 18 cents, or 0.30%, at $64.36 a barrel. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures gained 41 cents, or 0.7%, to $60.96 a barrel. <\/p>\n<p>WTI crude futures for May delivery rose 41 cents to $60.96 a barrel, a 0.7 percent gain. <\/p>\n<p>U.S. crude stocks fell unexpectedly last week as refinery runs increased, shrinking by 876,000 barrels in the last week, compared with analysts&#8217; expectations for an increase of 107,000 barrels, the Energy Information Administration said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil prices were mixed on Wednesday, supported by a draw in U.S. crude inventories but pressured by concerns about the market&#8217;s recovery after OPEC and its allies lowered their 2021 demand growth forecast. Brent crude for May, which expires on Wednesday, fell 23 cents, or 0.4%, to $63.91 a barrel at 11:05 a.m. EDT (1505 GMT). The more active Brent contract for June was up 18 cents, or 0.30%, at $64.36 a barrel. U.S. West Texas Intermediate (WTI) crude futures gained 41 cents, or 0.7%, to $60.96 a barrel. WTI crude futures for May delivery rose [&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-408369","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\/408369","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=408369"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408369\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}