{"id":190019,"date":"2022-09-01T10:32:42","date_gmt":"2022-09-01T02:32:42","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=190019"},"modified":"2022-09-01T10:36:14","modified_gmt":"2022-09-01T02:36:14","slug":"oil-prices-fell-despite-drop-in-u-s-inventories","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=190019","title":{"rendered":"Oil Prices Fell Despite Drop In U.S. Inventories"},"content":{"rendered":"\n<p>NEW YORK, Sept 1 (NNN-AGENCIES) &#8211; Oil prices fell yesterday, despite a drop in U.S. crude stockpiles.<\/p>\n\n\n\n<p>The West Texas Intermediate for Oct delivery, lost 2.09 U.S. dollars, or 2.3 percent, to settle at 89.55 dollars a barrel, on the New York Mercantile Exchange. Brent crude for Oct delivery decreased 2.82 dollars, or 2.8 percent, to close at 96.49 dollars a barrel, on the London ICE Futures Exchange.<\/p>\n\n\n\n<p>Prices continued to be pressured by fears that an inflation-induced economic slowdown would hurt fuel demand.<\/p>\n\n\n\n<p>The U.S. Energy Information Administration (EIA), reported yesterday that, the nation&#8217;s crude oil inventories decreased by 3.3 million barrels, during the week ending Aug 26. Analysts surveyed by S&amp;P Global Commodity Insights, expected a fall of 1.9 million barrels in U.S. crude supplies.<\/p>\n\n\n\n<p>According to the EIA, total motor gasoline inventories decreased by 1.2 million barrels last week, while distillate fuel inventories increased by 0.1 million barrels.<\/p>\n\n\n\n<p>On Tuesday, both the U.S. crude standard and Brent shed more than five percent, as demand worries prevailed.&#8211; NNN-AGENCIES    <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Sept 1 (NNN-AGENCIES) &#8211; Oil prices fell yesterday, despite a drop in U.S. crude stockpiles. The West Texas Intermediate for Oct delivery, lost 2.09 U.S. dollars, or 2.3 percent, to settle at 89.55 dollars a barrel, on the New York Mercantile Exchange. Brent crude for Oct delivery decreased 2.82 dollars, or 2.8 percent, [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":190021,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[208,300,209,286],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/190019"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=190019"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/190019\/revisions"}],"predecessor-version":[{"id":190020,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/190019\/revisions\/190020"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/190021"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=190019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=190019"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=190019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}