{"id":46879,"date":"2021-06-11T14:03:47","date_gmt":"2021-06-11T10:03:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=46879"},"modified":"2021-06-11T14:03:52","modified_gmt":"2021-06-11T10:03:52","slug":"oil-is-falling-but-heading-for-a-third-weekly-rise","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-is-falling-but-heading-for-a-third-weekly-rise\/06\/11\/market-updates\/","title":{"rendered":"Oil is Falling But Heading For a Third Weekly Rise"},"content":{"rendered":"\n<p>Oil prices fell on Friday, June 11, but are heading to rise for a third week, thanks to expectations of a recovery in fuel demand in Europe, China, and the United States, as increased vaccination rates lead to easing restrictions imposed due to the Corona pandemic.<\/p>\n\n\n\n<p>Brent crude futures were down 4 cents, or 0.06%, at $72.48, after closing at their highest level since May 2019 on Thursday.<\/p>\n\n\n\n<p>US West Texas Intermediate crude futures also fell 4 cents, or 0.06%, to $ 70.25 a barrel, after rising 0.5% on Thursday to close at their highest levels since October 2018.<\/p>\n\n\n\n<p>Brent is heading towards a weekly rise of 0.8%, while WTI is heading to achieve a gain of 0.9%.<\/p>\n\n\n\n<p>The American investment bank Goldman Sachs expects Brent crude prices to reach $80 a barrel this summer, betting that the recent rise in the oil market will continue as the distribution of vaccines against the Coronavirus boosts global economic activity and demand for crude.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Friday, June 11, but are heading to rise for a third week, thanks to expectations of a recovery in fuel demand in Europe, China, and the United States, as increased vaccination rates lead to easing restrictions imposed due to the Corona pandemic. Brent crude futures were down 4 cents, or 0.06%, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":44454,"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-46879","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\/46879","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=46879"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46879\/revisions"}],"predecessor-version":[{"id":46880,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/46879\/revisions\/46880"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=46879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=46879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=46879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}