{"id":48242,"date":"2021-07-12T16:14:14","date_gmt":"2021-07-12T12:14:14","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=48242"},"modified":"2021-07-12T16:14:18","modified_gmt":"2021-07-12T12:14:18","slug":"wti-drops-to-73-on-demand-worries","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wti-drops-to-73-on-demand-worries\/07\/12\/market-updates\/","title":{"rendered":"WTI Drops to $73 on Demand Worries"},"content":{"rendered":"\n<p>Oil prices rebounded ahead of the weekend and WTI closed in positive territory, rising more than 3%. On Monday, after rising to $75 during Asian trading hours, WTI fell to 73.14 before recovering slightly. At the time of writing, WTI is down 1.4% at $73.60.<\/p>\n\n\n\n<p>In a joint statement published on Monday, Saudi Arabia and Oman praised the efforts of OPEC+ to achieve stability in the markets, and the Gulf countries stressed the need for continued cooperation of producers to support the stability of oil markets.<\/p>\n\n\n\n<p> On the other hand, renewed concerns about the spread of variant delta appear to be delaying reopening efforts in major economies, impacting demand expectations, and hurting crude prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rebounded ahead of the weekend and WTI closed in positive territory, rising more than 3%. On Monday, after rising to $75 during Asian trading hours, WTI fell to 73.14 before recovering slightly. At the time of writing, WTI is down 1.4% at $73.60. In a joint statement published on Monday, Saudi Arabia and &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31093,"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-48242","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\/48242","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=48242"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48242\/revisions"}],"predecessor-version":[{"id":48243,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48242\/revisions\/48243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31093"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=48242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}