{"id":413528,"date":"2021-05-05T09:07:17","date_gmt":"2021-05-05T03:37:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=413528"},"modified":"2021-05-05T09:36:44","modified_gmt":"2021-05-05T04:06:44","slug":"oil-jumps-on-steep-drop-in-us-crude-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-jumps-on-steep-drop-in-us-crude-stocks\/","title":{"rendered":"Oil jumps on steep drop in US crude stocks"},"content":{"rendered":"<p>Oil prices rose nearly 1 per cent on Wednesday, extending overnight gains, after industry data estimated US crude stockpiles fell much more than expected last week reinforcing bullish views on fuel demand in the world&#8217;s largest economy. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures leapt 60 cents, or 0.9 per cent, to $66.29 a barrel at 7 am, after climbing to $66.45, its highest since March 8.<\/p>\n<p>Brent crude futures jumped 58 cents, or 0.8 per cent, to $69.46 barrel after touching a more than seven-week high of $69.64. <\/p>\n<p>Both benchmark contracts rose nearly 2 per cent on Tuesday ahead of data from the American Petroleum Institute industry group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose nearly 1 per cent on Wednesday, extending overnight gains, after industry data estimated US crude stockpiles fell much more than expected last week reinforcing bullish views on fuel demand in the world&#8217;s largest economy. US West Texas Intermediate (WTI) crude futures leapt 60 cents, or 0.9 per cent, to $66.29 a barrel at 7 am, after climbing to $66.45, its highest since March 8. Brent crude futures jumped 58 cents, or 0.8 per cent, to $69.46 barrel after touching a more than seven-week high of $69.64. Both benchmark contracts rose nearly 2 per cent on Tuesday ahead [&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-413528","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\/413528","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=413528"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413528\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=413528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=413528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=413528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}