Oil prices fell again, with renewed fears that general isolation measures in Europe could slow an expected recovery in demand for fuel products.<\/p>\n\n\n\n
Brent fell 34 cents, equivalent to 0.5%, to $64.19 a barrel<\/p>\n\n\n\n
In Asian trading, US crude lost 21 cents, equivalent to 0.3%, to $61.21 a barrel. The two contracts fell more than 6% last week.<\/p>\n\n\n\n
Germany intends to extend isolation measures to contain Covid-19 infections for the fifth month in a row, according to a proposed draft, after new infections have exceeded levels that the authorities say will put a lot of pressure on hospitals.<\/p>\n\n\n\n
Meanwhile, US energy companies began taking advantage of the previous rise in oil prices as a result of optimism about the return of demand and added the largest number of rigs to extract oil since January in the week ending on Friday.<\/p>\n\n\n\n
Baker Hughes Energy Services said in its closely watched report on Friday that the number of oil and gas rigs, a preliminary indicator of future production, rose by nine rigs to 411 last week, the highest since April.<\/p>\n\n\n\n
The number of rigs has increased over the past seven months and about 70% more than its lowest level in August at 244 rigs.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil prices fell again, with renewed fears that general isolation measures in Europe could slow an expected recovery in demand for fuel products. Brent fell 34 cents, equivalent to 0.5%, to $64.19 a barrel In Asian trading, US crude lost 21 cents, equivalent to 0.3%, to $61.21 a barrel. The two contracts fell more than …<\/p>\n","protected":false},"author":9,"featured_media":31093,"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-43211","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\/43211","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=43211"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43211\/revisions"}],"predecessor-version":[{"id":43212,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43211\/revisions\/43212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31093"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=43211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}