{"id":31907,"date":"2020-07-25T00:12:52","date_gmt":"2020-07-24T20:12:52","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31907"},"modified":"2020-07-25T00:12:54","modified_gmt":"2020-07-24T20:12:54","slug":"oil-resumes-gains-despite-uncertainties","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-resumes-gains-despite-uncertainties\/07\/25\/market-updates\/","title":{"rendered":"Oil Resumes Gains Despite Uncertainties"},"content":{"rendered":"\n<p>Oil prices closed higher on Friday, ending a week of fluctuations due to a collection of upward and downward factors.<\/p>\n\n\n\n<p>From one side, demand seems to be in the recovery phase, hence, the recent OPEC+ agreement to raise output by 2 million barrels per day, in addition to other positive economic data.<\/p>\n\n\n\n<p>On the other hand, rising US inventories and worries about new lockdowns are pushing crude prices lower.<\/p>\n\n\n\n<p>The US benchmark crude oil, the West Texas Intermediate (WTI), futures for September delivery closed higher by 22 cents or 0.5% at $41.29 a barrel, gaining 1.3% for the week.<\/p>\n\n\n\n<p>Meanwhile, the Brent crude futures for September delivery marginally rose by 3 cents or 0.07% to $43.34 per barrel, rising by 0.5% for the week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices closed higher on Friday, ending a week of fluctuations due to a collection of upward and downward factors. From one side, demand seems to be in the recovery phase, hence, the recent OPEC+ agreement to raise output by 2 million barrels per day, in addition to other positive economic data. On the other &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31782,"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-31907","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\/31907","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=31907"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31907\/revisions"}],"predecessor-version":[{"id":31908,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31907\/revisions\/31908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31782"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}