{"id":48594,"date":"2021-07-22T01:14:37","date_gmt":"2021-07-21T21:14:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=48594"},"modified":"2021-07-22T01:14:39","modified_gmt":"2021-07-21T21:14:39","slug":"oil-scores-gains-above-4-for-first-time-in-three-months","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-scores-gains-above-4-for-first-time-in-three-months\/07\/22\/market-updates\/","title":{"rendered":"Oil Scores Gains Above 4% for First Time in Three Months"},"content":{"rendered":"\n<p>Oil prices surged on Wednesday, maintaining a rising trend for the second consecutive session, following a huge drop at the beginning of the week, despite data showing another increase in crude inventories in the U.S., with markets witnessing a broader improvement in risk appetite among investors.<\/p>\n\n\n\n<p>Brent crude futures for September delivery increased by $2.88, or 4.15%, to settle at $72.23 per barrel.<\/p>\n\n\n\n<p>This is the biggest daily gain for Brent\u2019s front-month contract since April 14.<\/p>\n\n\n\n<p>Meanwhile, the West Texas Intermediate (WTI) futures for September delivery added $3.10, or 4.61%, to settle at $70.30 a barrel.<\/p>\n\n\n\n<p>Today\u2019s rise follows a 7% plunge in the global benchmark crude futures on Monday after the OPEC+ alliance decided to raise production by 400,000 barrels per day between August and December.<\/p>\n\n\n\n<p>Recent losses were attributed to rising concerns about the global recovery from the coronavirus pandemic, amid an increasing number of new infections with the Delta variant of the Coronavirus.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices surged on Wednesday, maintaining a rising trend for the second consecutive session, following a huge drop at the beginning of the week, despite data showing another increase in crude inventories in the U.S., with markets witnessing a broader improvement in risk appetite among investors. Brent crude futures for September delivery increased by $2.88, &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-48594","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\/48594","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=48594"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48594\/revisions"}],"predecessor-version":[{"id":48595,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/48594\/revisions\/48595"}],"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=48594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=48594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=48594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}