{"id":32293,"date":"2020-08-05T23:48:44","date_gmt":"2020-08-05T19:48:44","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=32293"},"modified":"2020-08-05T23:48:46","modified_gmt":"2020-08-05T19:48:46","slug":"oil-settles-at-highest-level-in-five-months","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-settles-at-highest-level-in-five-months\/08\/05\/market-updates\/","title":{"rendered":"Oil Settles at Highest Level in Five Months"},"content":{"rendered":"\n<p>Oil prices settled higher on Wednesday, at its highest closing level in about five months, after data showed a more than expected decline in US crude inventories.<\/p>\n\n\n\n<p>Brent crude futures for October delivery closed higher by 74 cents or 1.7% at $45.17, its best since March 6.<\/p>\n\n\n\n<p>Meanwhile, the West Texas Intermediate (WTI) crude oil futures for September delivery increased by 49 cents or 1.2% and settled at $42.19 per barrel.<\/p>\n\n\n\n<p>Earlier today, data by the US Energy Information Administration (EIA) showed that oil stockpiles decreased last week for the second consecutive week by 7.4 million barrels to a total of 518.6 million barrels.<\/p>\n\n\n\n<p>Yesterday, data by the American Petroleum Institute (API) reported an 8.6 million-barrel decrease in the US oil inventories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices settled higher on Wednesday, at its highest closing level in about five months, after data showed a more than expected decline in US crude inventories. Brent crude futures for October delivery closed higher by 74 cents or 1.7% at $45.17, its best since March 6. Meanwhile, the West Texas Intermediate (WTI) crude oil &hellip;<\/p>\n","protected":false},"author":10,"featured_media":32066,"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-32293","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\/32293","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=32293"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32293\/revisions"}],"predecessor-version":[{"id":32294,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32293\/revisions\/32294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32066"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}