{"id":509064,"date":"2022-07-27T09:42:24","date_gmt":"2022-07-27T04:12:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=509064"},"modified":"2022-07-27T10:41:43","modified_gmt":"2022-07-27T05:11:43","slug":"oil-prices-rise-after-a-larger-than-expected-drawdown-in-us-crude-stock","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-after-a-larger-than-expected-drawdown-in-us-crude-stock\/","title":{"rendered":"Oil prices rise after a larger-than-expected drawdown in US crude stock"},"content":{"rendered":"<p>(Reuters) &#8211; Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude rose 67 cents, or 0.7%, to $95.65 a barrel by 0009 GMT.<\/p>\n<p>Brent crude futures rose 33 cents, or 0.3%, to $104.73 a barrel.<\/p>\n<p>After settlement on Tuesday, industry group the American Petroleum Institute said crude stocks in the United States fell by 4 million barrels last week.<\/p>\n<p>That is four times the 1 million barrel decline expected by analysts in a Reuters poll. <\/p>\n<p>Gasoline inventories fell by 1.1 million barrels compared with expectations of a build of 3.5 million barrels, the API data showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles. U.S. West Texas Intermediate (WTI) crude rose 67 cents, or 0.7%, to $95.65 a barrel by 0009 GMT. Brent crude futures rose 33 cents, or 0.3%, to $104.73 a barrel. After settlement on Tuesday, industry group the American Petroleum Institute said crude stocks in the United States fell by 4 million barrels last week. That is four times the 1 million barrel decline expected by analysts in a Reuters poll. Gasoline inventories fell by 1.1 million barrels compared [&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-509064","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\/509064","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=509064"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509064\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=509064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=509064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=509064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}