{"id":45761,"date":"2021-05-15T01:25:00","date_gmt":"2021-05-14T21:25:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=45761"},"modified":"2021-05-15T02:26:21","modified_gmt":"2021-05-14T22:26:21","slug":"oil-recovers-recent-losses-as-u-s-pipeline-reopens","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-recovers-recent-losses-as-u-s-pipeline-reopens\/05\/15\/market-updates\/","title":{"rendered":"Oil Recovers Recent Losses as U.S. Pipeline Reopens"},"content":{"rendered":"\n<p>Oil prices finished higher on Friday, managing to register their third consecutive weekly rise.<\/p>\n\n\n\n<p>A recent downstream disruption in the United States that resulted from an attack on the Colonial Pipeline, which led to fears about a drop in the demand for crude oil by refineries, appears to be at its end as the pipeline reopened on Wednesday.<\/p>\n\n\n\n<p>The pipeline network provides nearly half of the gasoline supplies in the U.S. east coast.<\/p>\n\n\n\n<p>Brent crude futures for July delivery rose by $1.66, or 2.5%, to close at $68.71 per barrel, turning to weekly gains of 0.6%.<\/p>\n\n\n\n<p>Meanwhile, the U.S. West Texas Intermediate (WTI) June futures added $1.55, or 2.4%, to finish at $65.37 per barrel, rising by 0.7% on a weekly basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices finished higher on Friday, managing to register their third consecutive weekly rise. A recent downstream disruption in the United States that resulted from an attack on the Colonial Pipeline, which led to fears about a drop in the demand for crude oil by refineries, appears to be at its end as the pipeline &hellip;<\/p>\n","protected":false},"author":10,"featured_media":32007,"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-45761","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\/45761","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=45761"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45761\/revisions"}],"predecessor-version":[{"id":45762,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45761\/revisions\/45762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32007"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=45761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=45761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=45761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}