{"id":41235,"date":"2021-02-10T01:58:07","date_gmt":"2021-02-09T21:58:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=41235"},"modified":"2021-02-10T01:58:08","modified_gmt":"2021-02-09T21:58:08","slug":"oil-maintains-rally-and-scores-best-gains-in-a-year","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-maintains-rally-and-scores-best-gains-in-a-year\/02\/10\/market-updates\/","title":{"rendered":"Oil Maintains Rally and Scores Best Gains in a Year"},"content":{"rendered":"\n<p>Oil prices continued to rise on Tuesday, reaching a new year-high level after declining earlier in the session.<\/p>\n\n\n\n<p>The rally of crude prices is supported by the commitment of major producers, an alliance known as OPEC+, to output curbs.<\/p>\n\n\n\n<p>In addition, hopes for economic recovery and the anticipation for a new stimulus package in the United States are providing support for oil prices.<\/p>\n\n\n\n<p>Brent crude futures for April delivery closed higher by 53 cents, or 0.9%, at $61.09 per barrel, which the highest closing level for the global benchmark most active futures since January 2020.<\/p>\n\n\n\n<p>This is the eighth consecutive daily rise for Brent futures, scoring its best rising streak in a year.<\/p>\n\n\n\n<p>Similarly, the West Texas Intermediate (WTI) crude futures for March delivery rose by 39 cents, or 0.7%, to finish at $58.36 per barrel.<\/p>\n\n\n\n<p>This is the seventh consecutive rise for the U.S. benchmark crude futures, which is the best rising streak in a little less than two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices continued to rise on Tuesday, reaching a new year-high level after declining earlier in the session. The rally of crude prices is supported by the commitment of major producers, an alliance known as OPEC+, to output curbs. In addition, hopes for economic recovery and the anticipation for a new stimulus package in the &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-41235","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\/41235","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=41235"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41235\/revisions"}],"predecessor-version":[{"id":41236,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41235\/revisions\/41236"}],"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=41235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}