{"id":412395,"date":"2021-04-28T09:08:54","date_gmt":"2021-04-28T03:38:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412395"},"modified":"2021-04-28T09:36:04","modified_gmt":"2021-04-28T04:06:04","slug":"oil-falls-on-indias-covid-19-crisis-us-crude-stocks-gain-but-fuel-demand-recovery-confidence-dampens","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-on-indias-covid-19-crisis-us-crude-stocks-gain-but-fuel-demand-recovery-confidence-dampens\/","title":{"rendered":"Oil falls on India&#8217;s Covid-19 crisis, US crude stocks gain; but fuel demand recovery confidence dampens"},"content":{"rendered":"<p>Oil prices dropped on Wednesday, paring overnight gains, with soaring Covid-19 cases in India and a bigger-than-expected build in US crude stocks offsetting confidence shown by OPEC and its allies in a solid recovery in global fuel demand. <\/p>\n<p>Brent crude futures fell 26 cents, or 0.4 per cent, to $66.16 a barrel at 0635 IST, paring a 1.2 per cent gain from Tuesday.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures fell 23 cents, or 0.4 per cent, to $62.71 a barrel, after gaining 1.7 per cent on Tuesday. <\/p>\n<p>The American Petroleum Institute industry group reported crude stocks rose by 4.319 million barrels, according to two sources, which was a much bigger build than analysts in a Reuters poll had estimated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dropped on Wednesday, paring overnight gains, with soaring Covid-19 cases in India and a bigger-than-expected build in US crude stocks offsetting confidence shown by OPEC and its allies in a solid recovery in global fuel demand. Brent crude futures fell 26 cents, or 0.4 per cent, to $66.16 a barrel at 0635 IST, paring a 1.2 per cent gain from Tuesday. US West Texas Intermediate (WTI) crude futures fell 23 cents, or 0.4 per cent, to $62.71 a barrel, after gaining 1.7 per cent on Tuesday. The American Petroleum Institute industry group reported crude stocks rose by 4.319 [&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":[146,130,177],"tags":[],"class_list":["post-412395","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412395","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=412395"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412395\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}