{"id":44869,"date":"2021-04-23T13:38:28","date_gmt":"2021-04-23T09:38:28","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=44869"},"modified":"2021-04-23T13:38:34","modified_gmt":"2021-04-23T09:38:34","slug":"oil-rises-on-hopes-of-recovery-in-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-rises-on-hopes-of-recovery-in-demand\/04\/23\/market-updates\/","title":{"rendered":"Oil Rises on Hopes of Recovery in Demand"},"content":{"rendered":"\n<p>Oil prices rose on Friday, April 23, boosted by hopes for a recovery in demand as global growth improves and lockdown measures eased, but concerns about a surge in second-wave COVID-19 infections in India dampen the gains.<\/p>\n\n\n\n<p>Brent crude futures rose 42 cents, or 0.6%, to $65.82 a barrel after rising 8 cents on Thursday.<\/p>\n\n\n\n<p>US West Texas Intermediate crude futures jumped 51 cents, or 0.8%, to $61.94 a barrel, after also increasing by 8 cents on Thursday.<\/p>\n\n\n\n<p>The two benchmark crude contracts are heading towards a weekly loss of about 2% due to concerns about reduced fuel demand in India, the world&#8217;s third-largest importer of oil, as injuries and deaths with Covid-19 reached a new record this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Friday, April 23, boosted by hopes for a recovery in demand as global growth improves and lockdown measures eased, but concerns about a surge in second-wave COVID-19 infections in India dampen the gains. Brent crude futures rose 42 cents, or 0.6%, to $65.82 a barrel after rising 8 cents on Thursday. &hellip;<\/p>\n","protected":false},"author":9,"featured_media":44870,"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-44869","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\/44869","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=44869"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44869\/revisions"}],"predecessor-version":[{"id":44871,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44869\/revisions\/44871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44870"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=44869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=44869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=44869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}