Oil prices rose on Thursday for the fifth consecutive session, with economic data boosting hopes for recovery.<\/p>\n\n\n\n
Specifically, the U.S. GDP data, which showed a growth rate of 6.4%, provided support to crude oil prices, as well as the drop in jobless claims.<\/p>\n\n\n\n
Brent crude futures for July delivery rose by 59 cents, or 0.9%, to close at $69.46 per barrel or its highest level in about two weeks.<\/p>\n\n\n\n
As for the Brent August futures, the current most active contract, closing at $69.20 per barrel meant an increase of 47 cents, or 0.7%.<\/p>\n\n\n\n
The West Texas Intermediate (WTI) crude futures for July delivery gained 64 cents, or 1%, to finish at $66.85 per barrel, surging to its highest level in two months.<\/p>\n\n\n\n
Five consecutive daily gains make the longest rising streak for both the global and U.S. benchmarks.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil prices rose on Thursday for the fifth consecutive session, with economic data boosting hopes for recovery. Specifically, the U.S. GDP data, which showed a growth rate of 6.4%, provided support to crude oil prices, as well as the drop in jobless claims. Brent crude futures for July delivery rose by 59 cents, or 0.9%, …<\/p>\n","protected":false},"author":10,"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-46213","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\/46213","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=46213"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46213\/revisions"}],"predecessor-version":[{"id":46214,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46213\/revisions\/46214"}],"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=46213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=46213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=46213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}