{"id":34892,"date":"2020-10-02T23:51:50","date_gmt":"2020-10-02T19:51:50","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=34892"},"modified":"2020-10-02T23:51:53","modified_gmt":"2020-10-02T19:51:53","slug":"oil-prices-record-more-than-7-weekly-loss","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-record-more-than-7-weekly-loss\/10\/02\/market-updates\/","title":{"rendered":"Oil Prices Record More than 7% Weekly Loss"},"content":{"rendered":"\n<p>Oil prices declined on Friday, as markets are still reacting to the news of the President of the United States, Donald Trump, and his wife, testing positive for COVID-19, as well as an increase in US drilling rigs.<\/p>\n\n\n\n<p>Crude prices remain impacted by fears of a gloomy demand outlook.<\/p>\n\n\n\n<p>Brent crude futures for December delivery fell by 4.1%, or $1.66, and closed at $39.27 per barrel, its lowest finishing level since June 12, losing 7.4% for the week.<\/p>\n\n\n\n<p>Meanwhile, the US West Texas Intermediate (WTI) crude futures for November delivery decreased by $1.67, or 4.3%, and settled at $37.05 per barrel, nearly doubling its weekly losses to 8%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices declined on Friday, as markets are still reacting to the news of the President of the United States, Donald Trump, and his wife, testing positive for COVID-19, as well as an increase in US drilling rigs. Crude prices remain impacted by fears of a gloomy demand outlook. Brent crude futures for December delivery &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-34892","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\/34892","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=34892"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34892\/revisions"}],"predecessor-version":[{"id":34893,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34892\/revisions\/34893"}],"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=34892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=34892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=34892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}