{"id":35915,"date":"2020-10-22T12:05:47","date_gmt":"2020-10-22T08:05:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35915"},"modified":"2020-10-22T12:05:48","modified_gmt":"2020-10-22T08:05:48","slug":"oil-down-due-to-an-increase-in-gasoline-stocks-in-the-us","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-down-due-to-an-increase-in-gasoline-stocks-in-the-us\/10\/22\/market-updates\/","title":{"rendered":"Oil Down Due to an Increase in Gasoline Stocks in The US"},"content":{"rendered":"\n<p>Oil prices declined slightly Thursday after heavy losses overnight, and in light of the accumulation of gasoline stocks in the United States, indicating a decline in expectations for fuel demand, with the increase in the number of Corona virus infections in North America and Europe.<\/p>\n\n\n\n<p>Brent crude futures fell one cent, or 0.02%, to $ 41.72 a barrel, after losing 3.3% on Wednesday.<\/p>\n\n\n\n<p>U.S. West Texas Intermediate crude futures fell four cents, or 0.1%, to $ 39.99 a barrel, after falling 4% in the previous session.<\/p>\n\n\n\n<p>The US Energy Information Administration said gasoline inventories in the United States rose 1.9 million barrels in the week to October 16, compared with expectations for a decline of 1.8 million barrels.<\/p>\n\n\n\n<p>The administration added that the average total imported products, an indicator of demand, reached 18.3 million barrels per day in the four weeks to October 16, down 13% from the same period a year ago.<\/p>\n\n\n\n<p>Libya has seen production recover to 500,000 barrels per day, and the government in Tripoli expects that to double by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices declined slightly Thursday after heavy losses overnight, and in light of the accumulation of gasoline stocks in the United States, indicating a decline in expectations for fuel demand, with the increase in the number of Corona virus infections in North America and Europe. Brent crude futures fell one cent, or 0.02%, to $ &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33469,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6846],"class_list":["post-35915","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=35915"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35915\/revisions"}],"predecessor-version":[{"id":35916,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35915\/revisions\/35916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33469"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}