{"id":48295,"date":"2021-07-13T12:45:29","date_gmt":"2021-07-13T08:45:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=48295"},"modified":"2021-07-13T12:26:34","modified_gmt":"2021-07-13T08:26:34","slug":"oil-prices-rise-thanks-to-an-expected-drop-in-us-crude-stocks","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-rise-thanks-to-an-expected-drop-in-us-crude-stocks\/07\/13\/market-updates\/","title":{"rendered":"Oil Prices Rise Thanks to an Expected Drop in US Crude Stocks"},"content":{"rendered":"\n<p>Oil prices rose on Tuesday, July 13 to compensate for most of the losses it incurred the previous day, as the market received support as a result of tight supplies, along with expectations of more withdrawals from US crude stocks, but fears of the spread of Covid-19 strains curbed the gains.<\/p>\n\n\n\n<p>Brent crude for September delivery rose 0.5%, or 36 cents, to $75.52 a barrel.<\/p>\n\n\n\n<p>The price of US crude was $74.45 a barrel, an increase of 35 cents, or 0.5%.<\/p>\n\n\n\n<p>A preliminary poll conducted by Reuters on Monday revealed that US crude stocks are expected to decline for the eighth consecutive week, and gasoline stocks are also expected to decline.<\/p>\n\n\n\n<p>Crude stocks have been falling steadily for several weeks, while US stocks fell to their lowest level since February 2020 in the week ending July 2.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday, July 13 to compensate for most of the losses it incurred the previous day, as the market received support as a result of tight supplies, along with expectations of more withdrawals from US crude stocks, but fears of the spread of Covid-19 strains curbed the gains. Brent crude for September &hellip;<\/p>\n","protected":false},"author":9,"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-48295","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\/48295","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=48295"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48295\/revisions"}],"predecessor-version":[{"id":48296,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48295\/revisions\/48296"}],"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=48295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}