{"id":501767,"date":"2022-06-30T09:42:00","date_gmt":"2022-06-30T04:12:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=501767"},"modified":"2022-06-30T09:54:18","modified_gmt":"2022-06-30T04:24:18","slug":"oil-prices-rise-for-4th-day-on-supply-worries-as-us-inventories-down","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-for-4th-day-on-supply-worries-as-us-inventories-down\/","title":{"rendered":"Oil prices rise for 4th day on supply worries as US inventories down"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices gained for a fourth straight session on Wednesday as data showed a drawdown in U.S. crude stockpiles, adding to ongoing worries of tight supply, which have offset concerns over a weaker global economy and demand.<\/p>\n<p>Brent crude futures for August rose $1.42, or 1.2%, to $119.40 a barrel as of 10:59 a.m. ET (1459 GMT). The August contract will expire on Thursday and the more-active September contract was at $115.35, up $1.52.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude gained $1.13, or 1%, to $112.89 a barrel.<\/p>\n<p>Both contracts rose more than 2% on Tuesday as concerns over tight supplies due to Western sanctions on Russia outweighed fears of that demand may slow in a potential future recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices gained for a fourth straight session on Wednesday as data showed a drawdown in U.S. crude stockpiles, adding to ongoing worries of tight supply, which have offset concerns over a weaker global economy and demand. Brent crude futures for August rose $1.42, or 1.2%, to $119.40 a barrel as of 10:59 a.m. ET (1459 GMT). The August contract will expire on Thursday and the more-active September contract was at $115.35, up $1.52. U.S. West Texas Intermediate (WTI) crude gained $1.13, or 1%, to $112.89 a barrel. Both contracts rose more than 2% on Tuesday as [&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-501767","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\/501767","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=501767"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501767\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=501767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=501767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=501767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}