{"id":426959,"date":"2021-07-22T10:50:49","date_gmt":"2021-07-22T05:20:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=426959"},"modified":"2021-07-22T13:21:50","modified_gmt":"2021-07-22T07:51:50","slug":"oil-extends-gains-despite-rise-in-us-inventories","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-gains-despite-rise-in-us-inventories\/","title":{"rendered":"Oil extends gains despite rise in US inventories"},"content":{"rendered":"<p>LONDON: Oil prices rose on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories last week and a weaker demand outlook due to rising COVID-19 infections.<\/p>\n<p>Brent crude futures gained 97 cents, or 1.4%, to $70.32 a barrel at 1136 GMT, having hit a session low of $68.63 a barrel.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures rose by 87 cents, or 1.3%, to $68.07 a barrel, after falling to $66.44 a barrel earlier on Wednesday.<\/p>\n<p>Both contracts rose by more the $1 on Wednesday. <\/p>\n<p>&#8220;Oil &#8230; is appearing to have found support as risk appetite increases once again,&#8221; Ricardo Evangelista, ActivTrades analyst said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON: Oil prices rose on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories last week and a weaker demand outlook due to rising COVID-19 infections. Brent crude futures gained 97 cents, or 1.4%, to $70.32 a barrel at 1136 GMT, having hit a session low of $68.63 a barrel. US West Texas Intermediate (WTI) crude futures rose by 87 cents, or 1.3%, to $68.07 a barrel, after falling to $66.44 a barrel earlier on Wednesday. Both contracts rose by more the $1 on Wednesday. &#8220;Oil [&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":[130,191,136],"tags":[],"class_list":["post-426959","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426959","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=426959"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/426959\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=426959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=426959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=426959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}