{"id":43330,"date":"2021-03-24T01:19:54","date_gmt":"2021-03-23T21:19:54","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=43330"},"modified":"2021-03-24T01:19:55","modified_gmt":"2021-03-23T21:19:55","slug":"oil-extends-losses-to-more-than-6","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-extends-losses-to-more-than-6\/03\/24\/market-updates\/","title":{"rendered":"Oil Extends Losses to More than 6%"},"content":{"rendered":"\n<p>Oil prices dropped on Tuesday and entered into a correction wave amid selling pressures and concerns about the outlook for the recovery of the global demand.<\/p>\n\n\n\n<p>A third wave of the Coronavirus pandemic and imposing new lockdown measures in Europe are diminishing hopes of a quick economic recovery and a return to the pre-pandemic levels of oil demand, which the International Energy Agency (IEA) recently expected would not happen before 2023.<\/p>\n\n\n\n<p>Brent crude futures for May delivery finished lower by $4.26, or 6.59%, at $60.36 a barrel.<\/p>\n\n\n\n<p>In the New York Mercantile Exchange (NYMEX), the U.S. West Texas Intermediate (WTI) crude futures for May delivery lost $3.80, or 6.17%, to settle at $57.76 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices dropped on Tuesday and entered into a correction wave amid selling pressures and concerns about the outlook for the recovery of the global demand. A third wave of the Coronavirus pandemic and imposing new lockdown measures in Europe are diminishing hopes of a quick economic recovery and a return to the pre-pandemic levels &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-43330","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\/43330","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=43330"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43330\/revisions"}],"predecessor-version":[{"id":43331,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43330\/revisions\/43331"}],"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=43330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}