{"id":42650,"date":"2021-03-09T16:34:37","date_gmt":"2021-03-09T12:34:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=42650"},"modified":"2021-03-09T16:34:39","modified_gmt":"2021-03-09T12:34:39","slug":"wti-climbs-to-69-after-mondays-correction","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wti-climbs-to-69-after-mondays-correction\/03\/09\/market-updates\/","title":{"rendered":"WTI Climbs to $69 After Monday&#8217;s Correction"},"content":{"rendered":"\n<p>Crude oil prices witnessed a deeper correction at the beginning of the week, and a barrel of West Texas Intermediate crude lost 2.4% on Monday after rising more than 7% last week. WTI reversed its trend, rising 2% to $65.85.<\/p>\n\n\n\n<p> OPEC&#8217;s decision last week to keep production cuts through April led to a big spike in oil prices.<\/p>\n\n\n\n<p>US Treasury Secretary Janet Yellen said on Monday that the coronavirus relief package is expected to lead to a very strong economic recovery in the United States, which has revived optimism about the future of energy demand. <\/p>\n\n\n\n<p>The US House of Representatives is expected to vote on the $1.9 trillion stimulus package. After the Senate approved it last week.<\/p>\n\n\n\n<p>Late in the US session, the American Petroleum Institute is due to publish a crude oil inventory report ahead of the release of crude oil inventory change data from the US Energy Information Administration on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil prices witnessed a deeper correction at the beginning of the week, and a barrel of West Texas Intermediate crude lost 2.4% on Monday after rising more than 7% last week. WTI reversed its trend, rising 2% to $65.85. OPEC&#8217;s decision last week to keep production cuts through April led to a big spike &hellip;<\/p>\n","protected":false},"author":9,"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-42650","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\/42650","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=42650"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42650\/revisions"}],"predecessor-version":[{"id":42651,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42650\/revisions\/42651"}],"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=42650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=42650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=42650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}