{"id":60335,"date":"2022-02-16T15:29:05","date_gmt":"2022-02-16T11:29:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=60335"},"modified":"2022-02-16T15:29:08","modified_gmt":"2022-02-16T11:29:08","slug":"oil-recovers-losses-as-tensions-over-ukraine-persist","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-recovers-losses-as-tensions-over-ukraine-persist\/02\/16\/market-updates\/","title":{"rendered":"Oil Recovers Losses as Tensions Over Ukraine Persist"},"content":{"rendered":"\n<p>Oil prices recouped some of their losses Wednesday, February 16, as investors evaluated conflicting statements about a possible withdrawal of some Russian troops from Ukraine&#8217;s borders, amid global supply shortfalls and rebounding fuel demand.<\/p>\n\n\n\n<p>Brent crude was traded at $93.86 a barrel at 10:00 GMT, up 62 cents, or 0.6%, after falling 3.3% last night, after Russia announced a partial withdrawal of its forces from near Ukraine.<\/p>\n\n\n\n<p>US West Texas crude scored $92.64 a barrel, up 62 cents, or 0.6%, after closing on Tuesday, down 3.6%.<\/p>\n\n\n\n<p>The two crudes reached their highest levels since September 2014 on Monday, with Brent touching $96.78 a barrel and Texas Intermediate crude reaching $95.82 a barrel.<\/p>\n\n\n\n<p>The price of Brent crude jumped 50% and US crude 60% in 2021, as the recovery of global demand from the repercussions of the Covid-19 pandemic pressured supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices recouped some of their losses Wednesday, February 16, as investors evaluated conflicting statements about a possible withdrawal of some Russian troops from Ukraine&#8217;s borders, amid global supply shortfalls and rebounding fuel demand. Brent crude was traded at $93.86 a barrel at 10:00 GMT, up 62 cents, or 0.6%, after falling 3.3% last night, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":58819,"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":[7156,8431,6936,6875,6909],"class_list":["post-60335","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-brent","tag-iran","tag-oil-prices","tag-russia","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/60335","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=60335"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/60335\/revisions"}],"predecessor-version":[{"id":60336,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/60335\/revisions\/60336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58819"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=60335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=60335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=60335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}