{"id":56227,"date":"2021-12-06T20:23:27","date_gmt":"2021-12-06T16:23:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=56227"},"modified":"2021-12-06T20:27:56","modified_gmt":"2021-12-06T16:27:56","slug":"wti-surges-as-ksa-increases-oil-prices","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wti-surges-as-ksa-increases-oil-prices\/12\/06\/market-updates\/","title":{"rendered":"WTI surges as KSA increases oil prices"},"content":{"rendered":"\n<p>WTI has recovered some of last week\u2019s losses and reclaimed $67.50 amid a positive market mood. Saudi Arabia increased the crude-oil barrel to a median of $0.50 to different customers, and oil rose on the news.<br><br>As the New York session begins, the US crude oil benchmark, Western Texas Intermediate, also known as WTI, advances some 2.55%, is trading at $67.86 at the time of writing. A risk-on market mood turned investors toward riskier assets due to some factors. Reports of the omicron variant show that although it is highly transmissible, cases have been relatively mild. <br><br>Additionally, Saudi Arabia adjusted its oil crude prices, signaling confidence in the demand outlook, despite the spread of the new coronavirus variant. Saudi Aramco increased its prices by $0.60 for customers in Asia, while in the US, the range is between $0.40-$0.60.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI has recovered some of last week\u2019s losses and reclaimed $67.50 amid a positive market mood. Saudi Arabia increased the crude-oil barrel to a median of $0.50 to different customers, and oil rose on the news.As the New York session begins, the US crude oil benchmark, Western Texas Intermediate, also known as WTI, advances some &hellip;<\/p>\n","protected":false},"author":13,"featured_media":44463,"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":[6936,6909],"class_list":["post-56227","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil-prices","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56227","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=56227"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56227\/revisions"}],"predecessor-version":[{"id":56271,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/56227\/revisions\/56271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44463"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=56227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=56227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=56227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}