{"id":31235,"date":"2020-07-13T11:06:18","date_gmt":"2020-07-13T07:06:18","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31235"},"modified":"2020-07-13T18:11:56","modified_gmt":"2020-07-13T14:11:56","slug":"oil-prices-drop-with-concerns-over-supply","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-drop-with-concerns-over-supply\/07\/13\/market-updates\/","title":{"rendered":"Oil Prices Drop With Concerns Over Supply"},"content":{"rendered":"\n<p>Oil prices fell on Monday in Asia ahead of the OPEC meeting on Wednesday. Brent crude prices fell 0.74% to $ 42.92 a barrel, West Texas Intermediate (WTI) fell 0.81% to $ 40.22 a barrel. Oil had risen more than 2% on Friday after the International Energy Agency (EIA) revised its 2020 oil demand forecast to 400,00 bpd.<\/p>\n\n\n\n<p>Covid-19 new cases in the United States had risen severely because of 15,000 new cases in Florida in just 24 hours, a record high. Brazil, India and South Africa, the largest oil consumers, were also affected.<\/p>\n\n\n\n<p>Traders are awaiting the American Petroleum Institute (API) report, amid fears of an increase in US inventories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Monday in Asia ahead of the OPEC meeting on Wednesday. Brent crude prices fell 0.74% to $ 42.92 a barrel, West Texas Intermediate (WTI) fell 0.81% to $ 40.22 a barrel. Oil had risen more than 2% on Friday after the International Energy Agency (EIA) revised its 2020 oil demand forecast &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31093,"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-31235","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\/31235","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=31235"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31235\/revisions"}],"predecessor-version":[{"id":31237,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31235\/revisions\/31237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31093"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}