{"id":35559,"date":"2020-10-16T02:31:17","date_gmt":"2020-10-15T22:31:17","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35559"},"modified":"2020-10-16T02:31:20","modified_gmt":"2020-10-15T22:31:20","slug":"oil-narrows-losses-on-us-inventory-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-narrows-losses-on-us-inventory-data\/10\/16\/market-updates\/","title":{"rendered":"Oil Narrows Losses on US Inventory Data"},"content":{"rendered":"\n<p>Oil prices closed Thursday lower amid increased concerns for the second wave of the COVID-19 pandemic and its effect on the global demand recovery.<\/p>\n\n\n\n<p>Brent crude futures for December delivery decreased by 16 cents, or 0.4%, to settle at $43.16 per barrel.<\/p>\n\n\n\n<p>Meanwhile, the West Texas Intermediate (WTI) futures for November delivery declined 8 cents, or 0.2%, to close at $40.96 per barrel.<\/p>\n\n\n\n<p>Losses were limited by a better than expected decline in the US crude stockpiles.<\/p>\n\n\n\n<p>Crude oil inventories in the United States declined by 3.8 million barrels last week, according to data by the US Energy Information Administration\u2019s (EIA) weekly report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices closed Thursday lower amid increased concerns for the second wave of the COVID-19 pandemic and its effect on the global demand recovery. Brent crude futures for December delivery decreased by 16 cents, or 0.4%, to settle at $43.16 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures for November delivery declined 8 cents, &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-35559","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\/35559","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=35559"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35559\/revisions"}],"predecessor-version":[{"id":35560,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35559\/revisions\/35560"}],"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=35559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}