{"id":126527,"date":"2017-10-25T03:54:48","date_gmt":"2017-10-25T07:54:48","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=126527"},"modified":"2017-10-25T03:54:48","modified_gmt":"2017-10-25T07:54:48","slug":"oil-prices-rise-as-us-stockpiles-expected-to-decline","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/10\/25\/oil-prices-rise-as-us-stockpiles-expected-to-decline\/","title":{"rendered":"Oil prices rise as US stockpiles expected to decline"},"content":{"rendered":"<figure id=\"attachment_108284\" aria-describedby=\"caption-attachment-108284\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/pumping-gas-1631634_960_720.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-108284\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/pumping-gas-1631634_960_720.jpg\" alt=\"FILE: Gasoline and distillate stockpiles were also expected to fall by at least 1.5 million barrels. (Pixabay Photo, CC0)\" width=\"960\" height=\"642\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/pumping-gas-1631634_960_720.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/pumping-gas-1631634_960_720-300x201.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/pumping-gas-1631634_960_720-768x514.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-108284\" class=\"wp-caption-text\">FILE: Gasoline and distillate stockpiles were also expected to fall by at least 1.5 million barrels. (Pixabay Photo, CC0)<\/figcaption><\/figure>\n<p><strong>NEW YORK<\/strong> \u2014 Oil prices climbed on Tuesday as US crude inventories were expected to decline.<\/p>\n<p>Analysts forecast US crude stockpiles to decrease by 2.5 million barrels in the latest weekly supply reports.<\/p>\n<p>Gasoline and distillate stockpiles were also expected to fall by at least 1.5 million barrels.<\/p>\n<p>Investors were awaiting the official report by the Energy Information Administration scheduled to release on Wednesday to get more information about the inventory data.<\/p>\n<p>Meanwhile, the oil prices were supported after the Saudi energy minister said the oil exporter&#8217;s focus remained on reducing oil stocks to their five-year average and raised the prospect of prolonged output restraint once an OPEC-led supply-cutting pact ends,\u00a0according to Reuters.<\/p>\n<p>The West Texas Intermediate for December Delivery added 0.57 dollar to settle at 52.47 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery gained 0.96 dollar to close at 58.33 dollars a barrel on the London ICE Futures Exchange.\u00a0<em><strong>(Xinhua)<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK \u2014 Oil prices climbed on Tuesday as US crude inventories were expected to decline. Analysts forecast US crude &hellip;<\/p>\n","protected":false},"author":33,"featured_media":108284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[19834,29517],"class_list":["post-126527","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-oil-prices","tag-us-stockpiles","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/126527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=126527"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/126527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/108284"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=126527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=126527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=126527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}