{"id":40595,"date":"2021-01-27T13:35:54","date_gmt":"2021-01-27T09:35:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=40595"},"modified":"2021-01-27T13:35:57","modified_gmt":"2021-01-27T09:35:57","slug":"oil-rises-with-the-decline-in-us-stocks-and-new-cases-of-covid-in-china","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-rises-with-the-decline-in-us-stocks-and-new-cases-of-covid-in-china\/01\/27\/market-updates\/","title":{"rendered":"Oil Rises With The Decline in US Stocks And New Cases of Covid in China"},"content":{"rendered":"\n<p>Oil prices rose on Wednesday, January 27, after data for the sector showed that US crude inventories fell unexpectedly last week, and China, the second-largest consumer of oil in the world, recorded the lowest daily level of increase in cases of Covid-19 in more than two weeks.<\/p>\n\n\n\n<p>Brent crude futures rose 39 cents, or 0.7%, to $ 56.30 a barrel, reinforcing limited gains made on Tuesday.<\/p>\n\n\n\n<p>US West Texas Intermediate crude futures increased 37 cents, or 0.7%, to $ 52.98 a barrel, recovering from losses incurred on Tuesday.<\/p>\n\n\n\n<p>The American Petroleum Institute said that crude inventories in the United States, the world&#8217;s largest consumer of oil, fell by 5.3 million barrels in the week ending January 22, compared with analysts&#8217; expectations in a Reuters poll for an increase of 430,000 barrels. But the data revealed that gasoline inventories rose 3.1 million barrels, much more than expected.<\/p>\n\n\n\n<p>The data of the American Petroleum Institute shows that stocks of distillates, which include diesel and heating oil, increased by 1.4 million barrels compared to forecast of a decrease of 361 thousand barrels, and that the average operation of the refineries decreased by 76 thousand barrels per day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday, January 27, after data for the sector showed that US crude inventories fell unexpectedly last week, and China, the second-largest consumer of oil in the world, recorded the lowest daily level of increase in cases of Covid-19 in more than two weeks. Brent crude futures rose 39 cents, or 0.7%, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":39976,"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-40595","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\/40595","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=40595"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40595\/revisions"}],"predecessor-version":[{"id":40596,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40595\/revisions\/40596"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/39976"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=40595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}