{"id":37523,"date":"2020-11-23T14:46:39","date_gmt":"2020-11-23T10:46:39","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=37523"},"modified":"2020-11-23T14:46:42","modified_gmt":"2020-11-23T10:46:42","slug":"oil-prices-continue-their-gains-thanks-to-hopes-of-corona-vaccine","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-continue-their-gains-thanks-to-hopes-of-corona-vaccine\/11\/23\/market-updates\/","title":{"rendered":"Oil Prices Continue Their Gains Thanks to Hopes of Corona Vaccine"},"content":{"rendered":"\n<p>Oil prices rose 1% on Monday, November 23, to continue their gains, as traders expect a recovery in crude demand due to successful trials of a vaccine for the Coronavirus.<\/p>\n\n\n\n<p>Sentiment boosted hopes that OPEC, Russia and other producers, a group known as OPEC +, would continue to curb production.<\/p>\n\n\n\n<p>Brent crude futures rose 63 cents, equivalent to 1.4%, to $ 45.59 a barrel by 07:33 GMT, while US West Texas Intermediate crude rose 49 cents, or 1.2%, to $ 42.91 a barrel. The two crude jumped 5% last week.<\/p>\n\n\n\n<p>The British drug company Astrazeneca said that its emerging coronavirus vaccine, which it developed in cooperation with the University of Oxford, may be 90% effective, depending on a single dose system.<\/p>\n\n\n\n<p>OPEC + meets on November 30 and December 1 to discuss options for easing output by two million barrels per day from 7.7 million barrels per day from January for a period of at least three months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose 1% on Monday, November 23, to continue their gains, as traders expect a recovery in crude demand due to successful trials of a vaccine for the Coronavirus. Sentiment boosted hopes that OPEC, Russia and other producers, a group known as OPEC +, would continue to curb production. Brent crude futures rose 63 &hellip;<\/p>\n","protected":false},"author":9,"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-37523","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\/37523","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=37523"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37523\/revisions"}],"predecessor-version":[{"id":37524,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37523\/revisions\/37524"}],"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=37523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}