{"id":529503,"date":"2022-10-14T09:47:46","date_gmt":"2022-10-14T04:17:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=529503"},"modified":"2022-10-14T10:23:21","modified_gmt":"2022-10-14T04:53:21","slug":"oil-rise-nearly-a-dollar-on-back-of-low-diesel-stocks-ahead-of-winter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rise-nearly-a-dollar-on-back-of-low-diesel-stocks-ahead-of-winter\/","title":{"rendered":"Oil rise nearly a dollar on back of low diesel stocks ahead of winter"},"content":{"rendered":"<p>Oil prices traded about $1 higher on Thursday, reversing course as low levels of diesel inventory ahead of winter helped investors shrug off higher-than-expected stocks of crude and gasoline.<\/p>\n<p>Brent crude futures for December delivery rose $1.22 to $93.67 a barrel, a 1.3% gain, by 11:29 a.m EST (1529 GMT), after retreating earlier in the day. U.S. crude rose $1.15, or 1.3%, to $88.42 per barrel.<\/p>\n<p>&#8220;The most disturbing part of the (EIA) report is that distilling inventories are so far below average. Winter is coming,&#8221; said Phil Flynn, analyst at Price Futures Group in Chicago.<\/p>\n<p>&#8220;The market is looking at the big picture, as opposed to the short term demand numbers that were impacted by the storm.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices traded about $1 higher on Thursday, reversing course as low levels of diesel inventory ahead of winter helped investors shrug off higher-than-expected stocks of crude and gasoline. Brent crude futures for December delivery rose $1.22 to $93.67 a barrel, a 1.3% gain, by 11:29 a.m EST (1529 GMT), after retreating earlier in the day. U.S. crude rose $1.15, or 1.3%, to $88.42 per barrel. &#8220;The most disturbing part of the (EIA) report is that distilling inventories are so far below average. Winter is coming,&#8221; said Phil Flynn, analyst at Price Futures Group in Chicago. &#8220;The market is looking [&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-529503","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\/529503","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=529503"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/529503\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=529503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=529503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=529503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}