{"id":52465,"date":"2021-10-12T12:20:00","date_gmt":"2021-10-12T08:20:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52465"},"modified":"2021-10-12T11:47:21","modified_gmt":"2021-10-12T07:47:21","slug":"oil-is-falling-after-a-series-of-gains","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-is-falling-after-a-series-of-gains\/10\/12\/market-updates\/","title":{"rendered":"Oil is Falling After a Series of Gains"},"content":{"rendered":"\n<p>Oil prices fell on Tuesday, October 12 for the first time in four days in what analysts described as a respite after weeks of gains due to rebounding global demand contributing to energy shortages in major economies.<\/p>\n\n\n\n<p>Brent crude prices fell to $83.59 a barrel, after touching a three-week high on Monday, up 1.5%.<\/p>\n\n\n\n<p>And US crude fell 13 cents to $ 80.39 a barrel after it also rose by 1.5% in the previous session when it reached its highest level in nearly seven years.<\/p>\n\n\n\n<p>Energy prices have risen to record levels in the past few weeks, driven by energy shortages in Asia, Europe, and the United States.<\/p>\n\n\n\n<p>Rising natural gas prices are also encouraging electricity producers to switch to oil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Tuesday, October 12 for the first time in four days in what analysts described as a respite after weeks of gains due to rebounding global demand contributing to energy shortages in major economies. Brent crude prices fell to $83.59 a barrel, after touching a three-week high on Monday, up 1.5%. And &hellip;<\/p>\n","protected":false},"author":9,"featured_media":51662,"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":[7156,7436,7638,7004],"class_list":["post-52465","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-brent","tag-crude-oil","tag-new-york-mercantile-exchange","tag-opec-2"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52465","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=52465"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52465\/revisions"}],"predecessor-version":[{"id":52466,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52465\/revisions\/52466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51662"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}