{"id":435213,"date":"2021-09-10T08:45:14","date_gmt":"2021-09-10T03:15:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=435213"},"modified":"2021-09-10T09:46:54","modified_gmt":"2021-09-10T04:16:54","slug":"oil-steady-us-gasoline-demand-offsets-china-move-to-tap-oil-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-steady-us-gasoline-demand-offsets-china-move-to-tap-oil-stocks\/","title":{"rendered":"Oil steady; US gasoline demand offsets China move to tap oil stocks"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices held steady on Thursday as lower U.S. production after Hurricane Ida and high gasoline demand offset a small crude draw and China&#8217;s announcement that it would release state oil reserves to ease pressure on domestic refiners. <\/p>\n<p>Brent futures fell 15 cents, or 0.2%, to $72.45 a barrel by 11:55 a.m. EDT (1555 GMT). U.S. West Texas Intermediate (WTI) crude fell 9 cents, or 0.1%, to $69.21.<\/p>\n<p>The surprise Chinese move aims to &#8220;better stabilise domestic market supply and demand and effectively guarantee the country&#8217;s energy security,&#8221; according to China&#8217;s National Food and Strategic Reserves Administration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices held steady on Thursday as lower U.S. production after Hurricane Ida and high gasoline demand offset a small crude draw and China&#8217;s announcement that it would release state oil reserves to ease pressure on domestic refiners. Brent futures fell 15 cents, or 0.2%, to $72.45 a barrel by 11:55 a.m. EDT (1555 GMT). U.S. West Texas Intermediate (WTI) crude fell 9 cents, or 0.1%, to $69.21. The surprise Chinese move aims to &#8220;better stabilise domestic market supply and demand and effectively guarantee the country&#8217;s energy security,&#8221; according to China&#8217;s National Food and Strategic Reserves Administration.<\/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-435213","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\/435213","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=435213"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/435213\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=435213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=435213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=435213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}