{"id":52719,"date":"2021-10-14T19:35:53","date_gmt":"2021-10-14T15:35:53","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52719"},"modified":"2021-10-15T03:14:59","modified_gmt":"2021-10-14T23:14:59","slug":"oil-prices-eased-by-eia-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-eased-by-eia-data\/10\/14\/market-updates\/","title":{"rendered":"Concerns on oil prices eased by EIA data"},"content":{"rendered":"\n<p>Crude oil prices slid lower Thursday after the Energy Information Administration reported a crude oil inventory build of 6.1 million barrels for the week to October 8.<br><br>Gasoline inventory builds have also failed to put a lid on prices at the pump in the past couple of weeks. For last week, the EIA estimated a 2-million-barrel draw in gasoline stocks. This compared with a combined build of 3.5 million barrels for the two prior weeks.  <br><br>Gasoline production averaged 9.6 million bpd last week, and middle distillate production averaged 4.7 million bpd.<br><br>In total, refineries processed 15.1 million bpd of crude oil last week, the EIA said in its weekly report.  <br><br>Benchmarks are trading at multi-year highs because of the energy crunch that has pushed the prices of all fossil fuels much higher than many expected. Brent crude has been rising for five successive weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil prices slid lower Thursday after the Energy Information Administration reported a crude oil inventory build of 6.1 million barrels for the week to October 8.Gasoline inventory builds have also failed to put a lid on prices at the pump in the past couple of weeks. For last week, the EIA estimated a 2-million-barrel &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52319,"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":[38,37,36],"tags":[7436,6944,7430,7431],"class_list":["post-52719","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-crude-oil","tag-eia","tag-fuel","tag-gasoline"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52719","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52719"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52719\/revisions"}],"predecessor-version":[{"id":52791,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52719\/revisions\/52791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52319"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}