{"id":45220,"date":"2021-05-01T03:22:56","date_gmt":"2021-04-30T23:22:56","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=45220"},"modified":"2021-05-01T03:22:58","modified_gmt":"2021-04-30T23:22:58","slug":"oil-prices-dropping-from-their-highest-in-6-weeks-due-to-fears-of-indias-demand-and-weak-japanese-imports","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-dropping-from-their-highest-in-6-weeks-due-to-fears-of-indias-demand-and-weak-japanese-imports\/05\/01\/market-updates\/","title":{"rendered":"Oil Prices Dropping From Their Highest in 6 Weeks Due to Fears of India&#8217;s Demand And Weak Japanese Imports"},"content":{"rendered":"\n<p>Oil prices fell from six-week highs on Friday (April 30th) as investors scaled back their positions after weak data on Japan&#8217;s crude imports and concerns about fuel demand in India as coronavirus cases soar.<\/p>\n\n\n\n<p>West Texas Intermediate crude and Brent crude recorded the biggest one-day loss in more than three weeks, but they were ending the month with gains of around 6% and 8%, respectively.<\/p>\n\n\n\n<p>Demand for fuel around the world contrasts with rising consumption in the United States and China, while other countries are resuming closures to halt the growing rate of coronavirus cases.<\/p>\n\n\n\n<p>Brent contracts ended the trading session down $1.31, or 1.9%, to settle at $67.25 a barrel on the last trading day for June delivery.<\/p>\n\n\n\n<p>US crude futures for June delivery fell 1.43 dollars, or 2.2%, to settle at 63.58 dollars a barrel.<\/p>\n\n\n\n<p>Brent ended the week up 1.7%, while West Texas Intermediate crude was up 2.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell from six-week highs on Friday (April 30th) as investors scaled back their positions after weak data on Japan&#8217;s crude imports and concerns about fuel demand in India as coronavirus cases soar. West Texas Intermediate crude and Brent crude recorded the biggest one-day loss in more than three weeks, but they were ending &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30928,"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-45220","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\/45220","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=45220"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45220\/revisions"}],"predecessor-version":[{"id":45221,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45220\/revisions\/45221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30928"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=45220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=45220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=45220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}