{"id":509445,"date":"2022-07-28T08:54:43","date_gmt":"2022-07-28T03:24:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=509445"},"modified":"2022-07-28T09:16:07","modified_gmt":"2022-07-28T03:46:07","slug":"oil-rises-on-us-inventory-drop-russian-gas-cuts-as-fed-decision-looms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-on-us-inventory-drop-russian-gas-cuts-as-fed-decision-looms\/","title":{"rendered":"Oil rises on US inventory drop, Russian gas cuts as Fed decision looms"},"content":{"rendered":"<p>LONDON (Reuters) -Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a looming U.S. interest rate hike.<\/p>\n<p>Industry group the American Petroleum Institute said on Tuesday crude stocks fell by 4 million barrels, four times the forecast decline. [API\/S] The Energy Information Administration&#8217;s official figures are out at 1430 GMT.<\/p>\n<p>&#8220;Coupled with the Fed decision on interest rates, today is sure to be a heavy U.S.-centric session,&#8221; said Stephen Brennock of oil broker PVM.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a looming U.S. interest rate hike. Industry group the American Petroleum Institute said on Tuesday crude stocks fell by 4 million barrels, four times the forecast decline. [API\/S] The Energy Information Administration&#8217;s official figures are out at 1430 GMT. &#8220;Coupled with the Fed decision on interest rates, today is sure to be a heavy U.S.-centric session,&#8221; said Stephen Brennock of oil broker PVM.<\/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-509445","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\/509445","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=509445"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509445\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=509445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=509445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=509445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}