{"id":55718,"date":"2021-11-26T20:56:01","date_gmt":"2021-11-26T16:56:01","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=55718"},"modified":"2021-11-26T20:56:25","modified_gmt":"2021-11-26T16:56:25","slug":"wti-retreats-by-more-than-11","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wti-retreats-by-more-than-11\/11\/26\/market-updates\/","title":{"rendered":"WTI Retreats By More Than 11%"},"content":{"rendered":"\n<p>WTI crude oil has been under severe selling pressure in recent trade. Oil has settled under $70.00, marking a more than 11% decline on the day, its worst session since last year when future contracts swung deeply into negative territory in April 2020.<br><br>The oil market\u2019s implosion comes on a day when countries across the world have been implementing or considering travel restrictions to countries where cases of the new, highly concerning South African Covid-19 variant have been detected. <br><br>As the new variant spreads, which it is expected to do over the coming weeks, it seems highly likely that further travel restrictions will be imposed.<br><br>All of this could be catastrophic for jet fuel demand, a key component of global crude oil consumption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI crude oil has been under severe selling pressure in recent trade. Oil has settled under $70.00, marking a more than 11% decline on the day, its worst session since last year when future contracts swung deeply into negative territory in April 2020.The oil market\u2019s implosion comes on a day when countries across the world &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53340,"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":[6911,8157,7142,8156,6909,7685],"class_list":["post-55718","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-europe","tag-jet-fuel","tag-south-africa","tag-travel-restriction","tag-wti","tag-wti-crude-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55718","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=55718"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55718\/revisions"}],"predecessor-version":[{"id":55722,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/55718\/revisions\/55722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=55718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=55718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=55718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}