{"id":47355,"date":"2021-06-22T23:57:10","date_gmt":"2021-06-22T19:57:10","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=47355"},"modified":"2021-06-23T05:10:14","modified_gmt":"2021-06-23T01:10:14","slug":"oil-retreats-from-year-highs-to-close-lower","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-retreats-from-year-highs-to-close-lower\/06\/22\/market-updates\/","title":{"rendered":"Oil Retreats from Year Highs to Close Lower"},"content":{"rendered":"\n<p>Oil prices declined on Tuesday, after rising for two consecutive days, amid expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its OPEC+ allies might be raising production starting next August.<\/p>\n\n\n\n<p>Media reports pointed to discussions about more reductions into the current output cuts to raise production levels.<\/p>\n\n\n\n<p>An OPEC+ meeting is scheduled to take place on July 1 to discuss production policy for the next month.<\/p>\n\n\n\n<p>Brent Crude futures for August delivery closed lower by 9 cents, or 0.12%, at $74.81 per barrel.<\/p>\n\n\n\n<p>Meanwhile, the West Texas Intermediate (WTI) July futures dropped $0.60, or 0.81%, to finish at $73.06.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices declined on Tuesday, after rising for two consecutive days, amid expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its OPEC+ allies might be raising production starting next August. Media reports pointed to discussions about more reductions into the current output cuts to raise production levels. An OPEC+ meeting is scheduled &hellip;<\/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-47355","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\/47355","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=47355"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47355\/revisions"}],"predecessor-version":[{"id":47356,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47355\/revisions\/47356"}],"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=47355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=47355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=47355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}