{"id":48462,"date":"2021-07-16T00:50:00","date_gmt":"2021-07-15T20:50:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=48462"},"modified":"2021-07-16T03:30:51","modified_gmt":"2021-07-15T23:30:51","slug":"oil-closes-lower-for-second-straight-day","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-closes-lower-for-second-straight-day\/07\/16\/market-updates\/","title":{"rendered":"Oil Closes Lower for Second Straight Day"},"content":{"rendered":"\n<p>Oil prices finished lower on Thursday, maintaining a downward trend for the second consecutive session, amid uncertainty about production levels.<\/p>\n\n\n\n<p>Yesterday, media reports suggested that the OPEC+ alliance has reached an initial agreement to extend the current output cuts until 2022, with a gradual easing in the curbs in line with the global economic recovery from the coronavirus pandemic, and expectations for improved demand for energy in the second half of the year.<\/p>\n\n\n\n<p>Brent crude futures for September delivery lost $1.29, or 1.73%, to close at $73.47 a barrel, or its lowest settlement level since July 7.<\/p>\n\n\n\n<p>Meanwhile, the West Texas Intermediate (WTI) futures for August delivery finished lower by $1.48, or 2.02%, at $71.65 per barrel.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices finished lower on Thursday, maintaining a downward trend for the second consecutive session, amid uncertainty about production levels. Yesterday, media reports suggested that the OPEC+ alliance has reached an initial agreement to extend the current output cuts until 2022, with a gradual easing in the curbs in line with the global economic recovery &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-48462","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\/48462","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=48462"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48462\/revisions"}],"predecessor-version":[{"id":48463,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48462\/revisions\/48463"}],"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=48462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}