{"id":59372,"date":"2022-02-01T12:47:24","date_gmt":"2022-02-01T08:47:24","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=59372"},"modified":"2022-02-01T12:47:26","modified_gmt":"2022-02-01T08:47:26","slug":"oil-rises-supported-by-low-supply-and-recovery-after-the-pandemic","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-rises-supported-by-low-supply-and-recovery-after-the-pandemic\/02\/01\/market-updates\/","title":{"rendered":"Oil Rises Supported by Low Supply And Recovery After The Pandemic"},"content":{"rendered":"\n<p>Oil prices rose on Tuesday, hovering near the highest levels in seven years recorded last week, supported by expectations of continued tight supply due to a limited increase by major producers and a strong recovery in fuel demand after the pandemic.<\/p>\n\n\n\n<p>Brent crude contracts for April delivery rose 24 cents, or 0.27%, to $89.50 a barrel.<\/p>\n\n\n\n<p>US West Texas Intermediate crude contracts rose 27 cents, or 0.31%, to $88.42 a barrel.<\/p>\n\n\n\n<p>The two benchmarks recorded their highest levels since October 2014 on Friday, as Brent reached $91.70 a barrel and US crude reached $88.84.<\/p>\n\n\n\n<p>They also recorded gains for the sixth consecutive week.<\/p>\n\n\n\n<p>And they achieved a gain of about 17% in January, which is the largest percentage increase since February 2021.<\/p>\n\n\n\n<p>Crude prices also got a boost from the tension between Russia and the West over Ukraine, which has raised concerns that energy supplies to Europe could be disrupted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday, hovering near the highest levels in seven years recorded last week, supported by expectations of continued tight supply due to a limited increase by major producers and a strong recovery in fuel demand after the pandemic. Brent crude contracts for April delivery rose 24 cents, or 0.27%, to $89.50 a &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":[7804,6951,8611],"class_list":["post-59372","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-baker-hughes","tag-natural-gas","tag-oil-rigs-count"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59372","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=59372"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59372\/revisions"}],"predecessor-version":[{"id":59373,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59372\/revisions\/59373"}],"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=59372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=59372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=59372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}