{"id":42875,"date":"2021-03-13T00:33:11","date_gmt":"2021-03-12T20:33:11","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=42875"},"modified":"2021-03-13T00:33:14","modified_gmt":"2021-03-12T20:33:14","slug":"oil-records-weekly-losses","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-records-weekly-losses\/03\/13\/market-updates\/","title":{"rendered":"Oil Records Weekly Losses"},"content":{"rendered":"\n<p>Oil prices declined on Friday, amid increasing selling pressures for profit making, amid the rise of the U.S. Dollar (USD) and Treasury bond yields.<\/p>\n\n\n\n<p>Brent crude futures declined by &nbsp; 44 cents, or 0.63%, to $69.19 per barrel, falling by 0.25% for the week.<\/p>\n\n\n\n<p>Meanwhile, the West Texas Intermediate (WTI) futures lost 0.6% to settle at $65.61 a barrel to register a weekly decline of 0.7%.<\/p>\n\n\n\n<p>The number of active oil and natural gas rigs in the United States declined for the first week since November.<\/p>\n\n\n\n<p>The U.S. rig count declined by a single rig to 402 this week, as oil rigs declined by one to 309, while gas rigs remained unchanged at 92, as shown by data from Baker Hughes on Friday.<\/p>\n\n\n\n<p>The number of rigs is 49% lower than the same period of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices declined on Friday, amid increasing selling pressures for profit making, amid the rise of the U.S. Dollar (USD) and Treasury bond yields. Brent crude futures declined by &nbsp; 44 cents, or 0.63%, to $69.19 per barrel, falling by 0.25% for the week. Meanwhile, the West Texas Intermediate (WTI) futures lost 0.6% to settle &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31782,"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-42875","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\/42875","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=42875"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42875\/revisions"}],"predecessor-version":[{"id":42876,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42875\/revisions\/42876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31782"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=42875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=42875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=42875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}