{"id":445832,"date":"2021-10-28T11:00:14","date_gmt":"2021-10-28T05:30:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=445832"},"modified":"2021-10-28T11:49:51","modified_gmt":"2021-10-28T06:19:51","slug":"brent-falls-to-two-week-low-after-inventory-shock","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-falls-to-two-week-low-after-inventory-shock\/","title":{"rendered":"Brent falls to two-week low after inventory shock"},"content":{"rendered":"<p>Oil prices fell on Wednesday for a second straight day, with Brent hitting its lowest in two weeks after official figures showed a surprise jump in US inventories of crude. <\/p>\n<p>Brent crude dropped $1.36, or 1.6 per cent, to $83.22 a barrel by 0130 GMT, a two-week low, having declined by 2.1 per cent in the previous session.<\/p>\n<p>US oil fell $1.28, or 1.6 per cent, to $81.38 a barrel, a one-week low, after dropping 2.4 per cent on Wednesday.<br \/>\nCrude stocks rose by 4.3 million barrels last week, the US Energy Department said, more than double the 1.9 million-barrel gain forecast by analysts.<\/p>\n<p>The &#8220;hefty&#8221; stock build came &#8220;on the back of a large jump in net imports of crude oil and still sluggish refinery processing,&#8221; Citi Research commodities analysts said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Wednesday for a second straight day, with Brent hitting its lowest in two weeks after official figures showed a surprise jump in US inventories of crude. Brent crude dropped $1.36, or 1.6 per cent, to $83.22 a barrel by 0130 GMT, a two-week low, having declined by 2.1 per cent in the previous session. US oil fell $1.28, or 1.6 per cent, to $81.38 a barrel, a one-week low, after dropping 2.4 per cent on Wednesday. Crude stocks rose by 4.3 million barrels last week, the US Energy Department said, more than double the 1.9 million-barrel [&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-445832","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\/445832","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=445832"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/445832\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=445832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=445832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=445832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}