{"id":608302,"date":"2023-10-05T12:15:12","date_gmt":"2023-10-05T06:45:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=608302"},"modified":"2023-10-05T12:15:12","modified_gmt":"2023-10-05T06:45:12","slug":"oil-prices-dive-sharply-as-us-data-shows-weak-demand-for-gasoline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-dive-sharply-as-us-data-shows-weak-demand-for-gasoline\/","title":{"rendered":"Oil prices dive sharply as US data shows weak demand for gasoline"},"content":{"rendered":"<p>On Wednesday, oil prices experienced a sharp decline of more than 4% in response to reports suggesting that Russia might soon lift its diesel ban and US government data indicating weak gasoline demand.<\/p>\n<p>Brent crude oil futures plummeted by $3.88, or 4.3%, settling at $87.04 per barrel. Simultaneously, US West Texas Intermediate crude (WTI) dropped by $3.87, or 4.3%, reaching $85.36.<\/p>\n<p>Both benchmarks hit session lows, dropping by more than $4, with heating oil and gasoline futures falling by 5%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, oil prices experienced a sharp decline of more than 4% in response to reports suggesting that Russia might soon lift its diesel ban and US government data indicating weak gasoline demand. Brent crude oil futures plummeted by $3.88, or 4.3%, settling at $87.04 per barrel. Simultaneously, US West Texas Intermediate crude (WTI) dropped by $3.87, or 4.3%, reaching $85.36. Both benchmarks hit session lows, dropping by more than $4, with heating oil and gasoline futures falling by 5%.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-608302","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/608302","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=608302"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/608302\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=608302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=608302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=608302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}