{"id":518152,"date":"2022-08-31T10:24:53","date_gmt":"2022-08-31T04:54:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=518152"},"modified":"2022-08-31T11:36:37","modified_gmt":"2022-08-31T06:06:37","slug":"oil-recoups-some-losses-on-tuesday-on-signs-of-firm-us-fuel-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-recoups-some-losses-on-tuesday-on-signs-of-firm-us-fuel-demand\/","title":{"rendered":"Oil recoups some losses on Tuesday on signs of firm US fuel demand"},"content":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices inched up on Wednesday as industry data showed U.S. fuel stocks fell more than expected, recovering slightly from a 5% drop on Tuesday on fears fuel demand will suffer as China steps up COVID-19 curbs and central banks hike interest rates.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 64 cents to $92.28 a barrel at 0012 GMT, after sliding $5.37 in the previous session driven by recession fears.<\/p>\n<p>Brent crude futures climbed 48 cents, or 0.5%, to $99.79 a barrel, trimming Tuesday&#8217;s $5.78 loss. The October contract expires on Wednesday. The more active November contract was up 61 cents, or 0.6%, at $98.45 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices inched up on Wednesday as industry data showed U.S. fuel stocks fell more than expected, recovering slightly from a 5% drop on Tuesday on fears fuel demand will suffer as China steps up COVID-19 curbs and central banks hike interest rates. U.S. West Texas Intermediate (WTI) crude futures rose 64 cents to $92.28 a barrel at 0012 GMT, after sliding $5.37 in the previous session driven by recession fears. Brent crude futures climbed 48 cents, or 0.5%, to $99.79 a barrel, trimming Tuesday&#8217;s $5.78 loss. The October contract expires on Wednesday. The more active November [&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-518152","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\/518152","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=518152"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/518152\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=518152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=518152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=518152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}