{"id":414734,"date":"2021-05-13T09:17:15","date_gmt":"2021-05-13T03:47:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414734"},"modified":"2021-05-13T10:02:07","modified_gmt":"2021-05-13T04:32:07","slug":"oil-climbs-on-drop-in-us-crude-stockpiles-solid-demand-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-on-drop-in-us-crude-stockpiles-solid-demand-outlook\/","title":{"rendered":"Oil climbs on drop in US crude stockpiles, solid demand outlook"},"content":{"rendered":"<p>Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in US crude inventories, which reinforced OPEC&#8217;s robust demand outlook, and as the shutdown of the biggest US fuel pipeline headed into a sixth day. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures rose 21 cents, or 0.3 per cent, to $65.49 a barrel at 5:43 am, adding to a 36 cent rise on Tuesday.<\/p>\n<p>Brent crude futures climbed 15 cents, or 0.2 per cent, 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 US dollar also lent support,&#8221; ANZ Research said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in US crude inventories, which reinforced OPEC&#8217;s robust demand outlook, and as the shutdown of the biggest US fuel pipeline headed into a sixth day. US West Texas Intermediate (WTI) crude futures rose 21 cents, or 0.3 per cent, to $65.49 a barrel at 5:43 am, adding to a 36 cent rise on Tuesday. Brent crude futures climbed 15 cents, or 0.2 per cent, to $68.70 a barrel, adding to a 23 cent gain on Tuesday. &#8220;Crude oil gained as investors continue to bet on a [&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-414734","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\/414734","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=414734"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414734\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}