Oil prices moved within a limited range today, Monday, after concerns about supplies subsided to support the recovery of a major US pipeline network, but the imposition of new restrictions in Asia amid the escalation of Covid-19 cases affected sentiment.<\/p>\n\n\n\n
The gasoline shortage plaguing the east coast of the United States slowly eased on Sunday, as 1,000 more stations received supplies as the 8,900-kilometer Colonial Pipeline system recovered from a crippled cyberattack.<\/p>\n\n\n\n
Brent crude futures rose three cents to $68.74 a barrel in Asian trading, and West Texas Intermediate crude rose eight cents, or 0.1%, to $65.45.<\/p>\n\n\n\n
Both contracts jumped about 2.5% on Friday and snapped a slight weekly gain last week, for the third consecutive weekly increase.<\/p>\n\n\n\n
Investors are cautious over fears that a fast-spreading strain of coronavirus, first discovered in India, is moving to other countries.<\/p>\n\n\n\n
On Sunday, some Indian states said they would extend lockdown measures linked to COVID-19 to help contain the pandemic that has killed more than 270,000 people in the country.<\/p>\n\n\n\n
Singapore warned yesterday that the new Coronavirus chains are affecting more children, as the city-state prepares to close most schools as of this week, while Japan declared a state of emergency in three other provinces severely affected by the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil prices moved within a limited range today, Monday, after concerns about supplies subsided to support the recovery of a major US pipeline network, but the imposition of new restrictions in Asia amid the escalation of Covid-19 cases affected sentiment. The gasoline shortage plaguing the east coast of the United States slowly eased on Sunday, …<\/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-45769","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\/45769","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=45769"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45769\/revisions"}],"predecessor-version":[{"id":45770,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/45769\/revisions\/45770"}],"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=45769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=45769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=45769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}