{"id":413884,"date":"2021-05-07T08:40:25","date_gmt":"2021-05-07T03:10:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=413884"},"modified":"2021-05-07T09:17:00","modified_gmt":"2021-05-07T03:47:00","slug":"oil-prices-fall-as-u-s-gasoline-stocks-rise-for-fifth-consecutive-week","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-fall-as-u-s-gasoline-stocks-rise-for-fifth-consecutive-week\/","title":{"rendered":"Oil prices fall as U.S. gasoline stocks rise for fifth consecutive week"},"content":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices fell on Thursday as gasoline inventories in the United States, the world&#8217;s largest oil consumer, rose for a fifth consecutive week although a draw in crude stockpiles helped to underpin prices. <\/p>\n<p>Brent crude oil futures fell by 16 cents, or 0.2%, to $68.80 barrel by 0123 GMT, and U.S. West Texas Intermediate (WTI) crude futures dropped by 20 cents, or 0.3%, to $65.43 a barrel.<\/p>\n<p>Both Brent and U.S. crude futures hit their highest since mid-March on Wednesday before retreating. The $70-per-barrel mark has acted as a barrier for the market since Brent broke just above that level in March, with investors unwilling to push oil higher as COVID-19 cases increase in parts of the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices fell on Thursday as gasoline inventories in the United States, the world&#8217;s largest oil consumer, rose for a fifth consecutive week although a draw in crude stockpiles helped to underpin prices. Brent crude oil futures fell by 16 cents, or 0.2%, to $68.80 barrel by 0123 GMT, and U.S. West Texas Intermediate (WTI) crude futures dropped by 20 cents, or 0.3%, to $65.43 a barrel. Both Brent and U.S. crude futures hit their highest since mid-March on Wednesday before retreating. The $70-per-barrel mark has acted as a barrier for the market since Brent broke just [&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-413884","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\/413884","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=413884"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413884\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=413884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=413884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=413884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}