{"id":444174,"date":"2021-10-22T08:49:22","date_gmt":"2021-10-22T03:19:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=444174"},"modified":"2021-10-22T09:36:57","modified_gmt":"2021-10-22T04:06:57","slug":"oil-prices-slip-after-hitting-seven-year-high-on-surprise-stockpiles-drop","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-after-hitting-seven-year-high-on-surprise-stockpiles-drop\/","title":{"rendered":"Oil prices slip after hitting seven-year high on surprise stockpiles drop"},"content":{"rendered":"<p>Oil slipped after hitting a seven-year high following a surprise draw in US crude stockpiles and a robust decline in fuel supplies.<\/p>\n<p>Futures in New York edged toward $83 a barrel after advancing more than 1 per cent on Wednesday to settle at the highest level since 2014. US crude inventories fell by 431,000 barrels last week, according to government data, compared with a Bloomberg survey that had forecast a fourth weekly increase. Gasoline and distillate inventories also decreased more than expected. <\/p>\n<p>The market has tightened significantly recently as coal and natural gas shortages drive greater crude consumption, underpinning a rally in prices. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil slipped after hitting a seven-year high following a surprise draw in US crude stockpiles and a robust decline in fuel supplies. Futures in New York edged toward $83 a barrel after advancing more than 1 per cent on Wednesday to settle at the highest level since 2014. US crude inventories fell by 431,000 barrels last week, according to government data, compared with a Bloomberg survey that had forecast a fourth weekly increase. Gasoline and distillate inventories also decreased more than expected. The market has tightened significantly recently as coal and natural gas shortages drive greater crude consumption, underpinning 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":[135,130,169],"tags":[],"class_list":["post-444174","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\/444174","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=444174"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/444174\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=444174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=444174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=444174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}