{"id":450176,"date":"2021-11-17T08:41:42","date_gmt":"2021-11-17T03:11:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450176"},"modified":"2021-11-17T09:13:21","modified_gmt":"2021-11-17T03:43:21","slug":"oil-prices-bounce-back-on-tight-inventories-demand-worries-limit-gains","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-bounce-back-on-tight-inventories-demand-worries-limit-gains\/","title":{"rendered":"Oil prices bounce back on tight inventories, demand worries limit gains"},"content":{"rendered":"<p>Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in COVID-19 cases in Europe.<\/p>\n<p>Brent futures added 96 cents, or 1.2%, to $83.01 a barrel, as of 0712 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 80 cents, or 1%, to $81.68 a barrel. <\/p>\n<p>&#8220;At these oil prices, supply is going to grow but it might take six months and inventories have come down so low. We don&#8217;t have a safety margin,&#8221; said Tony Nunan, a Tokyo-based senior risk manager at Mitsubishi Corp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in COVID-19 cases in Europe. Brent futures added 96 cents, or 1.2%, to $83.01 a barrel, as of 0712 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 80 cents, or 1%, to $81.68 a barrel. &#8220;At these oil prices, supply is going to grow but it might take six months and inventories have come down so low. We don&#8217;t have a safety margin,&#8221; said Tony Nunan, a Tokyo-based senior risk manager at Mitsubishi [&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-450176","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\/450176","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=450176"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450176\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}