{"id":40004,"date":"2021-01-16T02:20:27","date_gmt":"2021-01-15T22:20:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=40004"},"modified":"2021-01-16T02:20:30","modified_gmt":"2021-01-15T22:20:30","slug":"oil-erases-weekly-gains-and-turns-to-losses","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-erases-weekly-gains-and-turns-to-losses\/01\/16\/market-updates\/","title":{"rendered":"Oil Erases Weekly Gains and Turns to Losses"},"content":{"rendered":"\n<p>Oil prices declined on Friday, giving up most of their weekly gains in a correction wave that follows recent surges amid continuous concerns about the rising number of new Coronavirus cases.<\/p>\n\n\n\n<p>Brent crude futures for March delivery declined by $1.32, or 2.3%, to close at $55.10 per barrel.<\/p>\n\n\n\n<p>For the week, the global benchmark crude most active contracts lost 1.6%.<\/p>\n\n\n\n<p>Meanwhile, the West Texas Intermediate (WTI) crude futures for February delivery dropped by $1.21, or 2.3%, to finish at $52.36 per barrel, reducing weekly gains to 0.2%, rising for the third consecutive week and maintaining their level above the $50 mark.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices declined on Friday, giving up most of their weekly gains in a correction wave that follows recent surges amid continuous concerns about the rising number of new Coronavirus cases. Brent crude futures for March delivery declined by $1.32, or 2.3%, to close at $55.10 per barrel. For the week, the global benchmark crude &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-40004","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\/40004","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=40004"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40004\/revisions"}],"predecessor-version":[{"id":40005,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40004\/revisions\/40005"}],"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=40004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}