{"id":550247,"date":"2023-01-27T10:28:40","date_gmt":"2023-01-27T04:58:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550247"},"modified":"2023-01-27T12:05:13","modified_gmt":"2023-01-27T06:35:13","slug":"oil-edges-up-in-early-trade-as-us-crude-inventories-rise-less-than-expected","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-edges-up-in-early-trade-as-us-crude-inventories-rise-less-than-expected\/","title":{"rendered":"Oil edges up in early trade as US crude inventories rise less than expected"},"content":{"rendered":"<p> (Reuters) &#8211; Oil prices were up in early Asian trade on Thursday as U.S. crude stocks rose less than expected, while a weaker dollar made oil cheaper for non-American buyers.<\/p>\n<p>Brent crude futures had risen 12 cents to $86.24 per barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 30 cents to $80.45.<\/p>\n<p>Crude inventories rose by 533,000 barrels to 448.5 million barrels in the week ending Jan. 20, the Energy Information Administration (EIA) said. That was substantially short of forecasts for a 1 million barrel rise.<\/p>\n<p>Despite the smaller-than-expected crude build, crude stocks reached the highest level since June 2021, the EIA said.<\/p>\n<p>Also helping to boost oil was the U.S. dollar, which weakened against the euro on Wednesday as investors largely paused any big bets ahead of next week&#8217;s central bank meetings, including those of the Federal Reserve and the European Central Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Oil prices were up in early Asian trade on Thursday as U.S. crude stocks rose less than expected, while a weaker dollar made oil cheaper for non-American buyers. Brent crude futures had risen 12 cents to $86.24 per barrel by 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 30 cents to $80.45. Crude inventories rose by 533,000 barrels to 448.5 million barrels in the week ending Jan. 20, the Energy Information Administration (EIA) said. That was substantially short of forecasts for a 1 million barrel rise. Despite the smaller-than-expected crude build, crude stocks reached the [&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-550247","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\/550247","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=550247"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550247\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}