{"id":80029,"date":"2023-02-15T11:02:00","date_gmt":"2023-02-15T07:02:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=80029"},"modified":"2023-02-15T11:48:01","modified_gmt":"2023-02-15T07:48:01","slug":"oil-falls-after-data-indicated-a-jump-in-us-crude-stocks","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-falls-after-data-indicated-a-jump-in-us-crude-stocks\/02\/15\/market-updates\/","title":{"rendered":"Oil falls after data indicated a jump in US crude stocks"},"content":{"rendered":"\n<p>Oil prices fell in early Asian trade on Wednesday, after falling more than $1 a barrel in the previous session, as industry data pointed to a much larger-than-expected build in US crude inventories.<\/p>\n\n\n\n<p>Brent crude futures fell 20 cents to $85.38 a barrel by 0111 GMT, while US West Texas Intermediate crude futures fell 19 cents to $78.87.<\/p>\n\n\n\n<p>US crude inventories rose by about 10.5 million barrels in the week ending February 10, according to market sources, citing figures from the American Petroleum Institute on Tuesday.<\/p>\n\n\n\n<p>This is a much larger increase than the 1.2 million barrels expected by nine analysts polled by Reuters, which likely indicates a decline in fuel demand.<\/p>\n\n\n\n<p>Gasoline stocks rose by about 846,000 barrels, while distillate stocks rose by about 1.7 million barrels, according to the sources, who asked not to be named.<\/p>\n\n\n\n<p>Official government inventory estimates are due at 0330 GMT on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell in early Asian trade on Wednesday, after falling more than $1 a barrel in the previous session, as industry data pointed to a much larger-than-expected build in US crude inventories. Brent crude futures fell 20 cents to $85.38 a barrel by 0111 GMT, while US West Texas Intermediate crude futures fell 19 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":77220,"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":[8159,9007],"class_list":["post-80029","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-crude-oil-prices","tag-russian-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80029","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=80029"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80029\/revisions"}],"predecessor-version":[{"id":80030,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80029\/revisions\/80030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/77220"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=80029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=80029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=80029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}