{"id":410110,"date":"2021-04-09T11:16:08","date_gmt":"2021-04-09T05:46:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410110"},"modified":"2021-04-09T11:16:08","modified_gmt":"2021-04-09T05:46:08","slug":"oil-flat-as-weaker-dollar-offsets-surge-in-us-gasoline-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-flat-as-weaker-dollar-offsets-surge-in-us-gasoline-stocks\/","title":{"rendered":"Oil flat as weaker dollar offsets surge in US gasoline stocks"},"content":{"rendered":"<p>NEW YORK: Oil prices were little changed as a falling dollar NSE -0.31 % and rising stock market offset earlier declines caused by a big increase in US gasoline stockpiles and subdued demand compared with pre-pandemic levels.<\/p>\n<p>Brent futures rose 20 cents, or 0.3%, to $63.36 a barrel by 11:43 a.m. EDT (1543 GMT), while US West Texas Intermediate (WTI) crude rose 2 cents to $59.79.<\/p>\n<p>&#8220;The oil complex remains confined to a comparatively tight sideways trading range that is approaching its fourth week,&#8221; said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois, noting the market &#8220;shrugged off&#8221; the dollar weakness as it focuses on the large gasoline inventory build and coronavirus-weakened demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Oil prices were little changed as a falling dollar NSE -0.31 % and rising stock market offset earlier declines caused by a big increase in US gasoline stockpiles and subdued demand compared with pre-pandemic levels. Brent futures rose 20 cents, or 0.3%, to $63.36 a barrel by 11:43 a.m. EDT (1543 GMT), while US West Texas Intermediate (WTI) crude rose 2 cents to $59.79. &#8220;The oil complex remains confined to a comparatively tight sideways trading range that is approaching its fourth week,&#8221; said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois, noting the market &#8220;shrugged off&#8221; [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-410110","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410110","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=410110"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410110\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}