{"id":30736,"date":"2020-07-03T00:37:01","date_gmt":"2020-07-02T20:37:01","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=30736"},"modified":"2020-07-03T00:37:03","modified_gmt":"2020-07-02T20:37:03","slug":"oil-settles-with-gains-above-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-settles-with-gains-above-2\/07\/03\/market-updates\/","title":{"rendered":"Oil Settles With Gains Above 2%"},"content":{"rendered":"\n<p>Oil prices increased on Thursday, maintaining support from a decline in the US crude inventories.<\/p>\n\n\n\n<p>In addition, positive economic showed signs of a recovery despite a record surge in coronavirus disease (COVID-19) cases in the United States.<\/p>\n\n\n\n<p>Brent crude futures closed up by 2.6% or $1.11 at 43.14 per barrel, while the West Texas Intermediate (WTI) futures rose by 2.1% or $0.83 to $40.65 per barrel.<\/p>\n\n\n\n<p>OPEC basket barrel price also exceeded $40 for the first time in four months, settling at $42.66 a barrel, according to Reuters.<\/p>\n\n\n\n<p>The US Non-Farm Payrolls (NFP) report, released by the United States Bureau of Labor Statistics,&nbsp;<a href=\"https:\/\/noortrends.ae\/en\/market-update\/us-nfp-surges-by-4-8-million-in-june\/07\/02\/\">showed an increase of 4.8 million jobs in June<\/a>, beating market forecasts.<\/p>\n\n\n\n<p>In addition, data by the US Commerce Department indicated that <a href=\"https:\/\/noortrends.ae\/en\/market-update\/new-us-factory-orders-up-8-in-may\/07\/02\/\">new factory orders in the United States increased during May<\/a> on a monthly basis by 8%.<\/p>\n\n\n\n<p>Crude oil inventories decreased by about 7.2 million barrels during the week ended June 26, according to data by the US Energy Information Administration (EIA) released on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices increased on Thursday, maintaining support from a decline in the US crude inventories. In addition, positive economic showed signs of a recovery despite a record surge in coronavirus disease (COVID-19) cases in the United States. Brent crude futures closed up by 2.6% or $1.11 at 43.14 per barrel, while the West Texas Intermediate &hellip;<\/p>\n","protected":false},"author":10,"featured_media":30644,"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":[38,36],"tags":[6846],"class_list":["post-30736","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30736","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=30736"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30736\/revisions"}],"predecessor-version":[{"id":30737,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30736\/revisions\/30737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30644"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=30736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=30736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=30736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}