{"id":414703,"date":"2021-05-13T08:52:08","date_gmt":"2021-05-13T03:22:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414703"},"modified":"2021-05-13T09:24:38","modified_gmt":"2021-05-13T03:54:38","slug":"oil-prices-climb-on-drop-in-us-oil-stockpiles-solid-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-climb-on-drop-in-us-oil-stockpiles-solid-demand-outlook\/","title":{"rendered":"Oil prices climb on drop in US oil stockpiles; solid demand outlook"},"content":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC&#8217;s robust demand outlook, and as the shutdown of the biggest U.S. fuel pipeline headed into a sixth day. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 21 cents, or 0.3%, to $65.49 a barrel at 0013 GMT, adding to a 36 cent rise on Tuesday.<\/p>\n<p>Brent crude futures climbed 15 cents, or 0.2%, to $68.70 a barrel, adding to a 23 cent gain on Tuesday.<\/p>\n<p>&#8220;Crude oil gained as investors continue to bet on a bright outlook for demand. A weak U.S. dollar also lent support,&#8221; ANZ Research said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC&#8217;s robust demand outlook, and as the shutdown of the biggest U.S. fuel pipeline headed into a sixth day. U.S. West Texas Intermediate (WTI) crude futures rose 21 cents, or 0.3%, to $65.49 a barrel at 0013 GMT, adding to a 36 cent rise on Tuesday. Brent crude futures climbed 15 cents, or 0.2%, to $68.70 a barrel, adding to a 23 cent gain on Tuesday. &#8220;Crude oil gained as investors continue to bet on a bright [&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-414703","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\/414703","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=414703"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414703\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}