{"id":14775,"date":"2011-08-26T12:58:52","date_gmt":"2011-08-26T10:58:52","guid":{"rendered":"http:\/\/bontrade.org\/blog49\/14775\/oil-edges-lower-on-weaker-global-economic-outlook-bernankes-speech-awaited\/"},"modified":"2011-08-26T12:58:52","modified_gmt":"2011-08-26T10:58:52","slug":"oil-edges-lower-on-weaker-global-economic-outlook-bernankes-speech-awaited","status":"publish","type":"post","link":"https:\/\/bontrade.org\/blog49\/14775\/oil-edges-lower-on-weaker-global-economic-outlook-bernankes-speech-awaited\/","title":{"rendered":"Oil Edges Lower on Weaker Global Economic Outlook. Bernanke's Speech Awaited"},"content":{"rendered":"

Oil prices moved narrowly with a mildly downward bias. Investors readily ignored the impacts of Hurricane Irene on oil output. According to the US national Hurricane Center, the Category 3 hurricane is expected to strike North Carolina later today. It's said that the storm is on a 'worst-case track' for the East Coast. The DOE\/EIA's data showed that the East Coast has 10 operating oil refineries with a capacity of 1.21M bpd, accounting for 7.1% of US's operating capacity. While evacuation of staff will disrupt production, investors worried more about demand than supply, especially both Citigroup and UBS downgraded their global economic forecasts.<\/p>\n

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\nOil Edges Lower on Weaker Global Economic Outlook. Bernanke's Speech Awaited<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oil prices moved narrowly with a mildly downward bias. Investors readily ignored the impacts of Hurricane Irene on oil output. According to the US national Hurricane Center, the Category 3 hurricane is expected to strike North Carolina later today. It's said that the storm is on a 'worst-case track' for the East Coast. The DOE\/EIA's data showed that the East Coast has 10 operating oil refineries with a capacity of 1.21M bpd, accounting for 7.1% of US's operating capacity. While evacuation of staff will disrupt production, investors worried more about demand than supply, especially both Citigroup and UBS downgraded their global economic forecasts. <\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lightning_design_setting":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14775","post","type-post","status-publish","format-standard","hentry","category-welcome-start-here-tradecrudeoilchatroom"],"_links":{"self":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/comments?post=14775"}],"version-history":[{"count":0,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/posts\/14775\/revisions"}],"wp:attachment":[{"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/media?parent=14775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/categories?post=14775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bontrade.org\/blog49\/wp-json\/wp\/v2\/tags?post=14775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}