{"id":459224,"date":"2021-12-30T09:34:51","date_gmt":"2021-12-30T04:04:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=459224"},"modified":"2021-12-30T10:03:10","modified_gmt":"2021-12-30T04:33:10","slug":"oil-edges-higher-as-industry-data-shows-decline-in-us-crude-inventories","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-higher-as-industry-data-shows-decline-in-us-crude-inventories\/","title":{"rendered":"Oil edges higher as industry data shows decline in US crude inventories"},"content":{"rendered":"<p>Oil prices edged higher on Wednesday after rallying overnight as industry data showed a decline in U.S. inventories, boosting demand sentiment.<\/p>\n<p>Brent crude rose 16 cents, or 0.2%, at $79.10 a barrel by 0441 GMT. U.S. West Texas Intermediate (WTI) crude climbed 5 cents, or 0.07%, to $76.03 a barrel. <\/p>\n<p>&#8220;Some long-covering is evident in Asia today in an otherwise nondescript session,&#8221; said OANDA analyst Jeffrey Halley in a note.<\/p>\n<p>Both contracts are trading near their highest levels in a month, aided by the strength in global equities.<\/p>\n<p>Asset classes from oil to equities have clawed back losses from late November, when the Omicron variant of COVID-19 sent investors scurrying for safety.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Wednesday after rallying overnight as industry data showed a decline in U.S. inventories, boosting demand sentiment. Brent crude rose 16 cents, or 0.2%, at $79.10 a barrel by 0441 GMT. U.S. West Texas Intermediate (WTI) crude climbed 5 cents, or 0.07%, to $76.03 a barrel. &#8220;Some long-covering is evident in Asia today in an otherwise nondescript session,&#8221; said OANDA analyst Jeffrey Halley in a note. Both contracts are trading near their highest levels in a month, aided by the strength in global equities. Asset classes from oil to equities have clawed back losses from late [&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-459224","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\/459224","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=459224"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/459224\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=459224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=459224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=459224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}