{"id":538059,"date":"2022-11-24T09:45:03","date_gmt":"2022-11-24T04:15:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=538059"},"modified":"2022-11-24T10:33:17","modified_gmt":"2022-11-24T05:03:17","slug":"oil-prices-rise-to-near-90-bbl-on-account-of-us-crude-stock-drop","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-to-near-90-bbl-on-account-of-us-crude-stock-drop\/","title":{"rendered":"Oil prices rise to near $90\/bbl on account of US crude stock drop"},"content":{"rendered":"<p>Oil prices rose on Wednesday as data showing a larger-than-expected U.S. crude drawdown last week outweighed concerns about lower demand from China.<\/p>\n<p>Brent crude futures rose $1.03, or 1.17%, to $89.39 a barrel at 0941 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.06%, to $81.81 a barrel.<\/p>\n<p>U.S. crude inventories fell by about 4.8 million barrels for the week ended Nov. 18, data from the American Petroleum Institute showed, according to market sources.<\/p>\n<p>Analysts polled by Reuters on average had expected a 1.1 million barrel drawdown in crude inventories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday as data showing a larger-than-expected U.S. crude drawdown last week outweighed concerns about lower demand from China. Brent crude futures rose $1.03, or 1.17%, to $89.39 a barrel at 0941 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.06%, to $81.81 a barrel. U.S. crude inventories fell by about 4.8 million barrels for the week ended Nov. 18, data from the American Petroleum Institute showed, according to market sources. Analysts polled by Reuters on average had expected a 1.1 million barrel drawdown in crude inventories.<\/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-538059","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\/538059","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=538059"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/538059\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=538059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=538059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=538059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}