{"id":10517,"date":"2015-07-29T09:46:29","date_gmt":"2015-07-29T14:46:29","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10517"},"modified":"2015-07-29T09:46:29","modified_gmt":"2015-07-29T14:46:29","slug":"crude-surges-after-surprise-inventory-draw-biggest-production-decline-since-2013","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10517","title":{"rendered":"Crude Surges After Surprise Inventory Draw, Biggest Production Decline Since 2013"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-07-29\/crude-surges-after-surprise-inventory-draw-biggest-production-decline-2013\" target=\"_blank\">Crude Surges After Surprise Inventory Draw, Biggest Production Decline Since 2013<\/a><\/h3>\n<p>Total US crude\u00a0<strong>production slumped over 1.5% last week &#8211; the biggest decline since October 2013<\/strong>.<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/07-overflow\/20150729_crude1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/07-overflow\/20150729_crude1_0.jpg\" alt=\"\" width=\"600\" height=\"298\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Add to that a\u00a0<strong>considerable inventory draw of over 4.2mm barrels\u00a0<\/strong>(against expectations of a build)&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/07-overflow\/20150729_crude3.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/07-overflow\/20150729_crude3_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>and crude prices are surging.<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/07-overflow\/20150729_crude2.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/07-overflow\/20150729_crude2_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Charts: Bloomberg<\/p>\n<div><\/div>\n<div class=\"fivestar-static-form-item\"><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude Surges After Surprise Inventory Draw, Biggest Production Decline Since 2013 Total US crude\u00a0production slumped over 1.5% last week &#8211; the biggest decline since October 2013. &nbsp; Add to that a\u00a0considerable inventory draw of over 4.2mm barrels\u00a0(against expectations of a build)&#8230; &nbsp; and crude prices are surging. &nbsp; &nbsp; Charts: Bloomberg &nbsp;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[184,7636,592,1775,595,2697,4318],"class_list":["post-10517","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-crude-oil","tag-inventory-draw","tag-oil-price","tag-oil-price-collapse","tag-oil-production","tag-us-crude-production","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10517"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10517\/revisions"}],"predecessor-version":[{"id":10518,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10517\/revisions\/10518"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}