{"id":46151,"date":"2021-05-27T01:30:00","date_gmt":"2021-05-26T21:30:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=46151"},"modified":"2021-05-27T02:31:39","modified_gmt":"2021-05-26T22:31:39","slug":"oil-finishes-higher-as-u-s-inventories-decline","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-finishes-higher-as-u-s-inventories-decline\/05\/27\/market-updates\/","title":{"rendered":"Oil Finishes Higher as U.S. Inventories Decline"},"content":{"rendered":"\n<p>Oil prices rose on Wednesday, as markets continue to expect demand recovery during the second half of the year.<\/p>\n\n\n\n<p>In addition, a decline in crude oil inventories in the United States also provided support for oil futures.<\/p>\n\n\n\n<p>Brent crude futures for July delivery gained 22 cents, or 0.3%, to settle at $68.87 per barrel.<\/p>\n\n\n\n<p>The global benchmark\u2019s August futures, the most active contracts, rose by 24 cents, or 0.4%, and ended the session at $68.73 per barrel.<\/p>\n\n\n\n<p>Meanwhile, the West Texas Intermediate (WTI) closed higher by 14 cents, or 0.2%, at $66.21 per barrel.<\/p>\n\n\n\n<p>Earlier today, the weekly report by the U.S. Energy Information Administration (EIA) decreased by 1.7 million barrels last week.<\/p>\n\n\n\n<p>Furthermore, gasoline stockpiles fell by 1.7 million barrels, while distillate inventories were lower by 3 million barrels on a weekly basis.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Wednesday, as markets continue to expect demand recovery during the second half of the year. In addition, a decline in crude oil inventories in the United States also provided support for oil futures. Brent crude futures for July delivery gained 22 cents, or 0.3%, to settle at $68.87 per barrel. The &hellip;<\/p>\n","protected":false},"author":10,"featured_media":32431,"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-46151","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\/46151","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=46151"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46151\/revisions"}],"predecessor-version":[{"id":46152,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46151\/revisions\/46152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32431"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=46151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=46151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=46151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}