{"id":40826,"date":"2021-02-02T00:56:10","date_gmt":"2021-02-01T20:56:10","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=40826"},"modified":"2021-02-02T00:56:14","modified_gmt":"2021-02-01T20:56:14","slug":"oil-maintains-gains-on-opec-commitment","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-maintains-gains-on-opec-commitment\/02\/02\/market-updates\/","title":{"rendered":"Oil Maintains Gains on OPEC+ Commitment"},"content":{"rendered":"\n<p>Oil prices rose on Monday supported by the commitment of the members of the Organization of the Petroleum Exporting Countries (OPEC) and other major producers, known as OPEC+.<\/p>\n\n\n\n<p>Last month, OPEC+ agreed on extending the output curbs in February, with Saudi Arabia vowing to unilaterally cut production to help restore market balance amid the Coronavirus pandemic.<\/p>\n\n\n\n<p>Brent crude futures for April delivery gained $1.31, or 2.4%, to close at the level of $56.35 per barrel.<\/p>\n\n\n\n<p>Meanwhile, the West Texas Intermediate (WTI) crude futures for March delivery finished higher by $1.35, or 2.6%, at $53.55 per barrel.<\/p>\n\n\n\n<p>Last week, Brent futures gained about 0.9% for the week and rose by 7.9% on the monthly level in January.<\/p>\n\n\n\n<p>Meanwhile, WTI futures saw a small loss for the week at 0.1% but rose by 7.6% last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday supported by the commitment of the members of the Organization of the Petroleum Exporting Countries (OPEC) and other major producers, known as OPEC+. Last month, OPEC+ agreed on extending the output curbs in February, with Saudi Arabia vowing to unilaterally cut production to help restore market balance amid the Coronavirus &hellip;<\/p>\n","protected":false},"author":10,"featured_media":34232,"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-40826","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\/40826","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=40826"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40826\/revisions"}],"predecessor-version":[{"id":40827,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40826\/revisions\/40827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34232"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=40826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}