{"id":548646,"date":"2023-01-19T11:49:05","date_gmt":"2023-01-19T06:19:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=548646"},"modified":"2023-01-19T13:54:04","modified_gmt":"2023-01-19T08:24:04","slug":"oil-down-1-on-another-surprise-build-in-u-s-crude-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-down-1-on-another-surprise-build-in-u-s-crude-stocks\/","title":{"rendered":"Oil down 1% on another surprise build in U.S. crude stocks"},"content":{"rendered":"<p>Oil prices fell on Thursday after industry data showed a large unexpected increase in U.S. crude stocks for a second week, heightening concerns of a drop in fuel demand.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures declined by 86 cents, or 1.1%, to $78.62 a barrel at 0109 GMT, while Brent crude futures fell 73 cents, or 0.9%, to $84.25 a barrel, extending losses of around 1% from Wednesday.<\/p>\n<p>The market weakened on worries about a looming U.S. economic slump after Federal Reserve officials said rates needed to rise beyond 5% to control inflation even after data showed retail sales fell more than expected in December.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Thursday after industry data showed a large unexpected increase in U.S. crude stocks for a second week, heightening concerns of a drop in fuel demand. U.S. West Texas Intermediate (WTI) crude futures declined by 86 cents, or 1.1%, to $78.62 a barrel at 0109 GMT, while Brent crude futures fell 73 cents, or 0.9%, to $84.25 a barrel, extending losses of around 1% from Wednesday. The market weakened on worries about a looming U.S. economic slump after Federal Reserve officials said rates needed to rise beyond 5% to control inflation even after data showed retail sales [&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":[130,191,136],"tags":[],"class_list":["post-548646","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548646","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=548646"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548646\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=548646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=548646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=548646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}