{"id":501800,"date":"2022-06-30T09:58:43","date_gmt":"2022-06-30T04:28:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=501800"},"modified":"2022-06-30T10:39:29","modified_gmt":"2022-06-30T05:09:29","slug":"oil-prices-increase-as-supply-concerns-outweigh-us-fuel-stocks-build","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-increase-as-supply-concerns-outweigh-us-fuel-stocks-build\/","title":{"rendered":"Oil prices increase as supply concerns outweigh US fuel stocks build"},"content":{"rendered":"<p>Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in U.S. gasoline and distillate inventories.<\/p>\n<p>Brent crude futures for September, the more actively traded contract, rose 63 cents, or 0.6%, to $113.08 a barrel at 0250 GMT. The less liquidly traded August contract, which expires Thursday, was at $116.08, down 18 cents, or 0.2%.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures climbed 49 cents, or 0.5%, to $110.27. <\/p>\n<p>&#8220;Crude oil pushed higher in early trading after a bullish inventory\u2026 The drawdown was driven by refiners increasing their throughput amid historically high refining margins,&#8221; ANZ analysts said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in U.S. gasoline and distillate inventories. Brent crude futures for September, the more actively traded contract, rose 63 cents, or 0.6%, to $113.08 a barrel at 0250 GMT. The less liquidly traded August contract, which expires Thursday, was at $116.08, down 18 cents, or 0.2%. U.S. West Texas Intermediate (WTI) crude futures climbed 49 cents, or 0.5%, to $110.27. &#8220;Crude oil pushed higher in early trading after a bullish inventory\u2026 The drawdown was driven by refiners increasing their throughput [&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-501800","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\/501800","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=501800"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501800\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=501800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=501800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=501800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}