{"id":467042,"date":"2022-02-09T09:08:42","date_gmt":"2022-02-09T03:38:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=467042"},"modified":"2022-02-09T09:57:26","modified_gmt":"2022-02-09T04:27:26","slug":"oil-prices-nudge-up-after-api-data-shows-surprise-drop-in-us-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-nudge-up-after-api-data-shows-surprise-drop-in-us-stocks\/","title":{"rendered":"Oil prices nudge up after API data shows surprise drop in US stocks"},"content":{"rendered":"<p>Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran.<\/p>\n<p>Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $89.47 a barrel, up 11 cents, or 0.1%.<\/p>\n<p>&#8220;Undersupply is the key factor that has pumped up the oil price,&#8221; said Tina Teng, an analyst at CMC Markets.<\/p>\n<p>U.S. crude, gasoline and distillate stocks fell last week, according to market sources citing American Petroleum Institute figures on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $89.47 a barrel, up 11 cents, or 0.1%. &#8220;Undersupply is the key factor that has pumped up the oil price,&#8221; said Tina Teng, an analyst at CMC Markets. U.S. crude, gasoline and distillate stocks fell last week, according to market sources citing American [&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-467042","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\/467042","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=467042"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467042\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=467042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=467042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=467042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}