{"id":512008,"date":"2022-08-05T09:24:07","date_gmt":"2022-08-05T03:54:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=512008"},"modified":"2022-08-05T09:42:41","modified_gmt":"2022-08-05T04:12:41","slug":"oil-prices-stabilise-after-drop-to-near-6-month-low-based-on-supply-fears","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-stabilise-after-drop-to-near-6-month-low-based-on-supply-fears\/","title":{"rendered":"Oil prices stabilise after drop to near 6-month low based on supply fears"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices were broadly steady on Thursday as the market weighed tight supply against fears of a demand slowdown, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows in the previous session.<\/p>\n<p>Brent crude futures were down 3 cents to $96.75 a barrel by 1200 GMT, while West Texas Intermediate (WTI) crude futures were up 40 cents, a 0.44% gain, at $91.06.<\/p>\n<p>Both benchmarks fell on Wednesday to their weakest levels since before Russia&#8217;s Feb. 24 invasion of UKraine, that Moscow calls &#8220;a special operation&#8221;. <\/p>\n<p>The move followed an unexpected surge in U.S. crude inventories last week. Gasoline stocks, the proxy for demand, also showed a surprise build as demand slowed, the Energy Information Administration said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices were broadly steady on Thursday as the market weighed tight supply against fears of a demand slowdown, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows in the previous session. Brent crude futures were down 3 cents to $96.75 a barrel by 1200 GMT, while West Texas Intermediate (WTI) crude futures were up 40 cents, a 0.44% gain, at $91.06. Both benchmarks fell on Wednesday to their weakest levels since before Russia&#8217;s Feb. 24 invasion of UKraine, that Moscow calls &#8220;a special operation&#8221;. The move followed an unexpected surge in U.S. [&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-512008","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\/512008","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=512008"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512008\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=512008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=512008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=512008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}