{"id":444175,"date":"2021-10-22T08:51:26","date_gmt":"2021-10-22T03:21:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=444175"},"modified":"2021-10-22T09:37:59","modified_gmt":"2021-10-22T04:07:59","slug":"oil-hits-multi-year-high-above-86-due-to-tight-supply-then-pulls-back","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hits-multi-year-high-above-86-due-to-tight-supply-then-pulls-back\/","title":{"rendered":"Oil hits multi-year high above $86 due to tight supply, then pulls back"},"content":{"rendered":"<p>Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs the rally is looking overstretched.<\/p>\n<p>Helping to drive the latest gain, a supply report from the U.S. Energy Information Administration on Wednesday showed crude and fuel inventories tightened, with crude inventories at the Cushing storage hub falling to a three-year low. [EIA\/S]<\/p>\n<p>Brent crude rose as high as $86.10, the highest since October 2018, but by 0815 GMT was down 79 cents, or 0.9%, to $85.03.<\/p>\n<p>U.S. West Texas Intermediate crude fell 57 cents, or 0.7%, to $82.85.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs the rally is looking overstretched. Helping to drive the latest gain, a supply report from the U.S. Energy Information Administration on Wednesday showed crude and fuel inventories tightened, with crude inventories at the Cushing storage hub falling to a three-year low. [EIA\/S] Brent crude rose as high as $86.10, the highest since October 2018, but by 0815 GMT was down 79 cents, or 0.9%, to $85.03. U.S. West Texas Intermediate [&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-444175","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\/444175","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=444175"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/444175\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=444175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=444175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=444175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}