{"id":47908,"date":"2021-07-03T00:39:00","date_gmt":"2021-07-02T20:39:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=47908"},"modified":"2021-07-03T03:40:27","modified_gmt":"2021-07-02T23:40:27","slug":"oil-closes-mixed-but-maintains-weekly-gains","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-closes-mixed-but-maintains-weekly-gains\/07\/03\/market-updates\/","title":{"rendered":"Oil Closes Mixed but Maintains Weekly Gains"},"content":{"rendered":"\n<p>Oil prices showed a mixed performance on Friday, amid with markets awaiting the outcomes of the OPEC+ summit.<\/p>\n\n\n\n<p>The OPEC+ alliance could not agree on Friday on a decision regarding output policy for August and beyond. Discussions are expected to resume on Monday, according to recent media reports.<\/p>\n\n\n\n<p>Brent crude futures for September delivery finished higher by 33 cents, or 0.44%, at $76.17 per barrel.<\/p>\n\n\n\n<p>The global benchmark crude most active contract has maintained a positive performance for six consecutive weeks, after gaining 1.1% this week.<\/p>\n\n\n\n<p>Meanwhile, the West Texas Intermediate (WTI) crude futures for August delivery lost 7 cents, or 0.1%, to close at $75.16 per barrel, limiting its weekly gain to 1.5%.<\/p>\n\n\n\n<p>Earlier today, data by Baker Hughes showed that the U.S. oil rig count increased by four rigs last week to 376.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices showed a mixed performance on Friday, amid with markets awaiting the outcomes of the OPEC+ summit. The OPEC+ alliance could not agree on Friday on a decision regarding output policy for August and beyond. Discussions are expected to resume on Monday, according to recent media reports. Brent crude futures for September delivery finished &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31782,"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-47908","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\/47908","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=47908"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47908\/revisions"}],"predecessor-version":[{"id":47909,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47908\/revisions\/47909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31782"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=47908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=47908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=47908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}