{"id":513366,"date":"2022-08-11T09:46:15","date_gmt":"2022-08-11T04:16:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=513366"},"modified":"2022-08-11T10:20:18","modified_gmt":"2022-08-11T04:50:18","slug":"oil-prices-slip-as-us-crude-stockpiles-rise-eyes-on-us-inflation-data","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-slip-as-us-crude-stockpiles-rise-eyes-on-us-inflation-data\/","title":{"rendered":"Oil prices slip as US crude stockpiles rise, eyes on US inflation data"},"content":{"rendered":"<p>KUALA LUMPUR (Reuters) -Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.<\/p>\n<p>Brent crude futures fell 74 cents, or 0.8%, to $95.57 a barrel at 0651 GMT.<\/p>\n<p>U.S. West Texas Intermediate crude futures fell as much as $1.13 to $89.37. It was last down 88 cents, or 1%, at $89.62 a barrel.<\/p>\n<p>&#8220;The oil price and the Asian market all showed a weak trend,&#8221; said Leon Li, a Shanghai-based analyst at CMC Markets, adding that market uncertainty over U.S. July inflation data &#8220;limits the rebound of oil prices today.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR (Reuters) -Oil prices fell on Wednesday ahead of a key U.S. report on inflation and after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand. Brent crude futures fell 74 cents, or 0.8%, to $95.57 a barrel at 0651 GMT. U.S. West Texas Intermediate crude futures fell as much as $1.13 to $89.37. It was last down 88 cents, or 1%, at $89.62 a barrel. &#8220;The oil price and the Asian market all showed a weak trend,&#8221; said Leon Li, a Shanghai-based analyst at CMC Markets, adding that market uncertainty over [&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-513366","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\/513366","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=513366"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/513366\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=513366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=513366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=513366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}