{"id":46019,"date":"2021-05-25T00:19:00","date_gmt":"2021-05-24T20:19:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=46019"},"modified":"2021-05-25T01:20:40","modified_gmt":"2021-05-24T21:20:40","slug":"oil-recovers-most-of-last-weeks-losses","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-recovers-most-of-last-weeks-losses\/05\/25\/market-updates\/","title":{"rendered":"Oil Recovers Most of Last Week\u2019s Losses"},"content":{"rendered":"\n<p>Oil prices rose on Monday, as recent fears of a sudden rise in the global output eased, with the U.S. benchmark futures finished at their highest level in a week.<\/p>\n\n\n\n<p>Recent remarks by the United States government suggested that there are concerns about Iran\u2019s commitment to renewing the nuclear deal.<\/p>\n\n\n\n<p>Positive media reports about the nuclear talks prompted expectations that sanctions on Tehran might be lifted, allowing a return to the international oil market, causing disruptions to the global market&#8217;s balance.<\/p>\n\n\n\n<p>Brent crude futures for July delivery closed higher by $2.02, or 3%, at $68.46 per barrel.<\/p>\n\n\n\n<p>The global benchmark futures recovered most of last week\u2019s losses, after ending Friday with a weekly decline of 3.3%.<\/p>\n\n\n\n<p>Meanwhile, the U.S. West Texas Intermediate (WTI) crude oil futures for July delivery increased by $2.47, or 3.9%, to finish at $66.05 per barrel, its highest since May 17.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday, as recent fears of a sudden rise in the global output eased, with the U.S. benchmark futures finished at their highest level in a week. Recent remarks by the United States government suggested that there are concerns about Iran\u2019s commitment to renewing the nuclear deal. Positive media reports about the &hellip;<\/p>\n","protected":false},"author":10,"featured_media":39976,"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-46019","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\/46019","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=46019"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46019\/revisions"}],"predecessor-version":[{"id":46020,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46019\/revisions\/46020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/39976"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=46019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=46019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=46019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}