{"id":44664,"date":"2021-04-20T12:25:42","date_gmt":"2021-04-20T08:25:42","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=44664"},"modified":"2021-04-20T12:25:45","modified_gmt":"2021-04-20T08:25:45","slug":"oil-prices-at-their-peak-in-more-than-a-month-thanks-to-the-weak-dollar","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-at-their-peak-in-more-than-a-month-thanks-to-the-weak-dollar\/04\/20\/market-updates\/","title":{"rendered":"Oil Prices at Their Peak in More Than a Month Thanks to The Weak Dollar"},"content":{"rendered":"\n<p>Oil prices rose to the highest level in more than Tuesday, April 20, as the decline in the US dollar supported commodities and due to expectations of a decline in crude stocks in the United States, the largest consumer of fuel in the world, but the increase in Coronavirus cases in Asia limited the gains.<\/p>\n\n\n\n<p>Brent crude futures for June delivery rose 66 cents, equivalent to 1%, to $67.71 a barrel, after hitting the highest level during the session at $67.97.<\/p>\n\n\n\n<p>And increased US West Texas Intermediate crude futures for May delivery, which expires today, 70 cents, equivalent to 1.1%, to $64.08 a barrel. The most active June contract recorded $64.02, up 59 cents, or 0.9%.<\/p>\n\n\n\n<p>Oil becomes cheaper for buyers in currencies other than the US dollar, which is the currency in which oil is denominated in the event the US currency is weak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose to the highest level in more than Tuesday, April 20, as the decline in the US dollar supported commodities and due to expectations of a decline in crude stocks in the United States, the largest consumer of fuel in the world, but the increase in Coronavirus cases in Asia limited the gains. &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-44664","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\/44664","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=44664"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44664\/revisions"}],"predecessor-version":[{"id":44665,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44664\/revisions\/44665"}],"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=44664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=44664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=44664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}