{"id":463242,"date":"2022-01-21T11:27:15","date_gmt":"2022-01-21T05:57:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=463242"},"modified":"2022-01-21T12:35:16","modified_gmt":"2022-01-21T07:05:16","slug":"oil-falls-as-us-inventory-build-prompts-profit-taking-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-as-us-inventory-build-prompts-profit-taking-2\/","title":{"rendered":"Oil falls as US inventory build prompts profit-taking"},"content":{"rendered":"<p>Oil prices plunged on Friday, after rising to seven-year highs this week, as an increase in US crude and fuel stockpiles prompted investors to take profits from the rally. <\/p>\n<p>Brent crude futures dropped $2.46, or 2.8 per cent, to $85.92 a barrel by 0136 GMT. The contract earlier fell by as much as 3 per cent, the most since Dec. 20. The global benchmark touched $89.50 a barrel on Thursday, its highest since October 2014.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures slid $2.61, or 3.1 per cent, to $82.94 a barrel. The contract earlier fell as much as 3.2 per cent, also the most since Dec. 20, after rising to its highest since October 2014 on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices plunged on Friday, after rising to seven-year highs this week, as an increase in US crude and fuel stockpiles prompted investors to take profits from the rally. Brent crude futures dropped $2.46, or 2.8 per cent, to $85.92 a barrel by 0136 GMT. The contract earlier fell by as much as 3 per cent, the most since Dec. 20. The global benchmark touched $89.50 a barrel on Thursday, its highest since October 2014. US West Texas Intermediate (WTI) crude futures slid $2.61, or 3.1 per cent, to $82.94 a barrel. The contract earlier fell as much as 3.2 [&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-463242","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\/463242","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=463242"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463242\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=463242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=463242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=463242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}