{"id":447315,"date":"2021-11-05T09:12:53","date_gmt":"2021-11-05T03:42:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447315"},"modified":"2021-11-05T09:55:20","modified_gmt":"2021-11-05T04:25:20","slug":"world-oil-prices-drops-as-data-shows-big-build-in-united-state-inventory","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/world-oil-prices-drops-as-data-shows-big-build-in-united-state-inventory\/","title":{"rendered":"World oil prices drops as data shows big build in United State inventory"},"content":{"rendered":"<p>Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world&#8217;s largest oil consumer, and as pressure mounted on OPEC to increase supply.<\/p>\n<p>Brent crude futures fell 71 cents, or 0.9%, to $84.00 a barrel by 0450 GMT, after dropping to a session-low of $83.27 earlier.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures tumbled $1.10, or 1.3%, to $82.81 a barrel, after dropping to a low of $82.26 earlier.<\/p>\n<p>&#8220;Crude prices are declining after the API reported the sixth straight week of crude oil inventory builds and as the Biden administration exhausts every possible plea to OPEC+ members before tapping their Strategic Petroleum Reserve,&#8221; said Edward Moya, senior analyst at OANDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world&#8217;s largest oil consumer, and as pressure mounted on OPEC to increase supply. Brent crude futures fell 71 cents, or 0.9%, to $84.00 a barrel by 0450 GMT, after dropping to a session-low of $83.27 earlier. U.S. West Texas Intermediate (WTI) crude futures tumbled $1.10, or 1.3%, to $82.81 a barrel, after dropping to a low of $82.26 earlier. &#8220;Crude prices are declining after the API reported the sixth straight week of crude oil inventory builds [&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-447315","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\/447315","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=447315"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447315\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}