{"id":57679,"date":"2022-01-03T11:58:00","date_gmt":"2022-01-03T07:58:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=57679"},"modified":"2022-01-03T11:38:17","modified_gmt":"2022-01-03T07:38:17","slug":"oil-starts-the-new-year-higher-but-covid-fears-limit-gains","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-starts-the-new-year-higher-but-covid-fears-limit-gains\/01\/03\/market-updates\/","title":{"rendered":"Oil Starts The New Year Higher, But Covid Fears Limit Gains"},"content":{"rendered":"\n<p>Oil prices rose on Monday as the market started 2022 positively ahead of a meeting of the OPEC+ group on Tuesday, although the increase in COVID-19 cases continued to dampen demand sentiment.<\/p>\n\n\n\n<p>Brent crude, the global benchmark, rose 59 cents, or 0.76 percent, to $78.37 a barrel by 0440 GMT. US West Texas Intermediate crude futures also rose 63 cents, or 0.84 percent, to $75.84 a barrel.<\/p>\n\n\n\n<p>Libya&#8217;s state oil company said on Saturday that the country&#8217;s oil production would drop by 200,000 barrels per day for a week due to the maintenance of a major pipeline between the Samah and Dahra fields.<\/p>\n\n\n\n<p>Meanwhile, four sources said that OPEC + will likely stick to its plan to increase supplies by 400,000 barrels per day in February.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday as the market started 2022 positively ahead of a meeting of the OPEC+ group on Tuesday, although the increase in COVID-19 cases continued to dampen demand sentiment. Brent crude, the global benchmark, rose 59 cents, or 0.76 percent, to $78.37 a barrel by 0440 GMT. US West Texas Intermediate crude &hellip;<\/p>\n","protected":false},"author":9,"featured_media":52825,"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":[7518,8350,7685],"class_list":["post-57679","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-economic-recovery","tag-supply-disruption","tag-wti-crude-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57679","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=57679"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57679\/revisions"}],"predecessor-version":[{"id":57680,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/57679\/revisions\/57680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52825"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=57679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=57679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=57679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}