{"id":43914,"date":"2021-04-06T01:35:28","date_gmt":"2021-04-05T21:35:28","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=43914"},"modified":"2021-04-06T01:35:32","modified_gmt":"2021-04-05T21:35:32","slug":"oil-closes-sharply-lower-amid-expected-rise-in-market-supplies","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-closes-sharply-lower-amid-expected-rise-in-market-supplies\/04\/06\/market-updates\/","title":{"rendered":"Oil Closes Sharply Lower amid Expected Rise in Market Supplies"},"content":{"rendered":"\n<p>Oil prices declined on Monday, amid expectations for an increase in market supplies, following the decision by the OPEC+ alliance to gradually ease output curbs starting next month.<\/p>\n\n\n\n<p>In addition, despite positive signs for a strong economic recovery as recent data suggests, investors are showing concerns regarding the third wave of the Coronavirus pandemic, with a rising number of new cases in many countries around the globe.<\/p>\n\n\n\n<p>Brent crude futures for May delivery lost $2.61, or 4.02%, to reach $62.25 per barrel.<\/p>\n\n\n\n<p>Meanwhile, the U.S. West Texas Intermediate (WTI) crude futures for May delivery finished lower by $2.80, or 4.6%, at $58.65 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices declined on Monday, amid expectations for an increase in market supplies, following the decision by the OPEC+ alliance to gradually ease output curbs starting next month. In addition, despite positive signs for a strong economic recovery as recent data suggests, investors are showing concerns regarding the third wave of the Coronavirus pandemic, with &hellip;<\/p>\n","protected":false},"author":10,"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-43914","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\/43914","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=43914"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43914\/revisions"}],"predecessor-version":[{"id":43915,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43914\/revisions\/43915"}],"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=43914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}