{"id":49887,"date":"2021-08-25T12:30:00","date_gmt":"2021-08-25T08:30:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=49887"},"modified":"2021-08-25T12:01:50","modified_gmt":"2021-08-25T08:01:50","slug":"oil-falls-after-two-days-of-gains-due-to-lack-of-supplies","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-falls-after-two-days-of-gains-due-to-lack-of-supplies\/08\/25\/market-updates\/","title":{"rendered":"Oil Falls After Two Days of Gains Due to Lack of Supplies"},"content":{"rendered":"\n<p>Oil prices rebounded on Wednesday, August 25, to catch a breath after a strong rally this week due to the loss of a quarter of Mexico&#8217;s production and evidence that China, the world&#8217;s largest importer of crude, has contained the latest outbreak of the Coronavirus.<\/p>\n\n\n\n<p>Brent crude futures fell 25 cents, equivalent to 0.4%, to $ 70.80 a barrel, while US West Texas Intermediate crude futures fell 28 cents, equivalent to 0.4%, to $ 67.26.<\/p>\n\n\n\n<p>The futures contracts for both crudes rose about 8% during the previous two days, erasing most of the losses that it had suffered over the course of seven sessions.<\/p>\n\n\n\n<p>Prices rose after supplies from Mexico decreased by more than 400,000 barrels per day as a result of a fire in an oil pier, but the state oil company expects to resume production on the thirtieth of this month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rebounded on Wednesday, August 25, to catch a breath after a strong rally this week due to the loss of a quarter of Mexico&#8217;s production and evidence that China, the world&#8217;s largest importer of crude, has contained the latest outbreak of the Coronavirus. Brent crude futures fell 25 cents, equivalent to 0.4%, to &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32271,"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-49887","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\/49887","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=49887"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49887\/revisions"}],"predecessor-version":[{"id":49888,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49887\/revisions\/49888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32271"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=49887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=49887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=49887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}