{"id":118198,"date":"2025-08-28T15:14:37","date_gmt":"2025-08-28T11:14:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118198"},"modified":"2025-08-28T15:14:42","modified_gmt":"2025-08-28T11:14:42","slug":"oil-prices-slip-amid-seasonal-demand-concerns-and-russian-supply-restart","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-slip-amid-seasonal-demand-concerns-and-russian-supply-restart\/08\/28\/market-updates\/","title":{"rendered":"Oil Prices Slip Amid Seasonal Demand Concerns and Russian Supply Restart"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><strong>Price Action (1033 GMT)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Brent Crude:<\/strong> $67.77, -0.4%<\/li>\n\n\n\n<li><strong>WTI Crude:<\/strong> $63.94, -0.3%<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Drivers<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Seasonal Demand:<\/strong> U.S. <strong>Labor Day weekend<\/strong> marks the unofficial end of summer driving season, expected to reduce gasoline consumption.<\/li>\n\n\n\n<li><strong>Russian Supply:<\/strong> Druzhba pipeline deliveries to <strong>Hungary and Slovakia<\/strong> resumed after last week\u2019s outage due to a Ukrainian attack.<\/li>\n\n\n\n<li><strong>U.S. Tariffs on India:<\/strong> Rising tensions as President Trump <strong>doubles tariffs<\/strong> on Indian imports to 50%, pressuring oil trade.<\/li>\n\n\n\n<li><strong>Infrastructure Attacks:<\/strong> Ongoing Russia-Ukraine energy strikes add <strong>geopolitical risk support<\/strong> to prices.<\/li>\n<\/ul>\n\n\n\n<p><strong>Market Context<\/strong><br>Crude rose on Wednesday after <strong>U.S. inventory data<\/strong> showed a stronger-than-expected 2.4 million barrel draw. Thursday\u2019s decline reflects <strong>seasonal demand normalization<\/strong> and the <strong>return of Russian flows<\/strong>, partially offset by geopolitical tensions in Ukraine.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Price Action (1033 GMT) Brent Crude: $67.77, -0.4% WTI Crude: $63.94, -0.3% Key Drivers Seasonal Demand: U.S. Labor Day weekend marks the unofficial end of summer driving season, expected to reduce gasoline consumption. Russian Supply: Druzhba pipeline deliveries to Hungary and Slovakia resumed after last week\u2019s outage due to a Ukrainian attack. U.S. Tariffs on &hellip;<\/p>\n","protected":false},"author":9,"featured_media":60920,"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":[38,6827,49,36],"tags":[],"class_list":["post-118198","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118198","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=118198"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118198\/revisions"}],"predecessor-version":[{"id":118199,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118198\/revisions\/118199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/60920"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}