{"id":509578,"date":"2022-07-28T10:16:20","date_gmt":"2022-07-28T04:46:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=509578"},"modified":"2022-07-28T11:24:56","modified_gmt":"2022-07-28T05:54:56","slug":"oil-settles-higher-on-us-inventory-drop-russia-gas-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-settles-higher-on-us-inventory-drop-russia-gas-cuts\/","title":{"rendered":"Oil settles higher on US inventory drop, Russia gas cuts"},"content":{"rendered":"<p>Oil settled up more than $2 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 US interest rate hike. <\/p>\n<p>US crude oil stockpiles dropped 4.5 million barrels last week as exports surged to an all-time high due to US crude&#8217;s big discount to international benchmark Brent, the Energy Information Administration said.<\/p>\n<p>Brent crude rose $2.22, or 2.1%, to $106.62 a barrel. US West Texas Intermediate (WTI) crude gained $2.28, or 2.4%, to $97.26. <\/p>\n<p>After a sharp drop in the last two weeks, US gasoline demand rebounded by 8.5% week on week, according to the data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil settled up more than $2 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 US interest rate hike. US crude oil stockpiles dropped 4.5 million barrels last week as exports surged to an all-time high due to US crude&#8217;s big discount to international benchmark Brent, the Energy Information Administration said. Brent crude rose $2.22, or 2.1%, to $106.62 a barrel. US West Texas Intermediate (WTI) crude gained $2.28, or 2.4%, to $97.26. After a sharp drop in the last two weeks, [&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":[146,130,177],"tags":[],"class_list":["post-509578","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509578","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=509578"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/509578\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=509578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=509578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=509578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}