{"id":515406,"date":"2022-08-20T09:45:24","date_gmt":"2022-08-20T04:15:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=515406"},"modified":"2022-08-20T10:09:27","modified_gmt":"2022-08-20T04:39:27","slug":"oil-up-3-on-account-of-robust-us-crude-stocks-data-tight-supply-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-up-3-on-account-of-robust-us-crude-stocks-data-tight-supply-outlook\/","title":{"rendered":"Oil up 3% on account of robust US crude stocks data, tight supply outlook"},"content":{"rendered":"<p>Oil prices gained about 3% on Thursday as robust U.S. fuel consumption data and an expected drop in Russian supply later in the year offset concerns that slowing economic growth could undercut demand.<\/p>\n<p>Brent futures rose $2.47, or 2.6%, to $96.12 a barrel by 11:41 a.m. EDT (1541 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.16, or 2.5%, to $90.27.<\/p>\n<p>Prices rose more than 1% during the previous session, although Brent at one point fell to its lowest since February, as signs of a slowdown mounted in some places.<\/p>\n<p>The oil complex is &#8220;advancing off the big (U.S.) crude stock draw, increased product demand and (the) apparent stall in Iranian nuclear negotiations,&#8221; analysts at energy consulting firm Ritterbusch and Associates said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices gained about 3% on Thursday as robust U.S. fuel consumption data and an expected drop in Russian supply later in the year offset concerns that slowing economic growth could undercut demand. Brent futures rose $2.47, or 2.6%, to $96.12 a barrel by 11:41 a.m. EDT (1541 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.16, or 2.5%, to $90.27. Prices rose more than 1% during the previous session, although Brent at one point fell to its lowest since February, as signs of a slowdown mounted in some places. The oil complex is &#8220;advancing off the big (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-515406","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\/515406","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=515406"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/515406\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=515406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=515406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=515406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}