{"id":40748,"date":"2021-01-29T23:59:54","date_gmt":"2021-01-29T19:59:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=40748"},"modified":"2021-01-30T03:31:01","modified_gmt":"2021-01-29T23:31:01","slug":"oil-extends-weekly-and-monthly-gains","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-extends-weekly-and-monthly-gains\/01\/29\/market-updates\/","title":{"rendered":"Oil Extends Weekly and Monthly Gains"},"content":{"rendered":"\n<p>Oil prices rose on, extending their monthly gains in the first month of the year, on the back of hopes for a recovery in the global demand for crude and amid some global supply disruptions.<\/p>\n\n\n\n<p>Brent crude futures for March delivery gained 35 cents, or 0.6%, to close at $55.88 per barrel.<\/p>\n\n\n\n<p>For the week, the global benchmark futures rose by about 0.9%, while for the month of January, Brent futures gained about 7.9%.<\/p>\n\n\n\n<p>Meanwhile, the U.S. benchmark West Texas Intermediate (WTI) crude futures for March delivery lost 14 cents, or 0.3%, and finished at $52.20 per barrel, turning to a small loss for the week at 0.1%.<\/p>\n\n\n\n<p>On a monthly basis, the American crude most active contracts rose by about 7.6%.<\/p>\n\n\n\n<p>Oil prices remain supported by the policy of the OPEC+ alliance, which agreed earlier to maintain output cuts during February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on, extending their monthly gains in the first month of the year, on the back of hopes for a recovery in the global demand for crude and amid some global supply disruptions. Brent crude futures for March delivery gained 35 cents, or 0.6%, to close at $55.88 per barrel. For the week, &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-40748","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\/40748","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=40748"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40748\/revisions"}],"predecessor-version":[{"id":40749,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40748\/revisions\/40749"}],"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=40748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}