{"id":66064,"date":"2022-05-26T13:33:00","date_gmt":"2022-05-26T09:33:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=66064"},"modified":"2022-05-26T14:06:40","modified_gmt":"2022-05-26T10:06:40","slug":"oil-rises-due-to-tight-supplies","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-rises-due-to-tight-supplies\/05\/26\/market-updates\/","title":{"rendered":"Oil rises due to tight supplies"},"content":{"rendered":"\n<p>Oil prices rose on Thursday, continuing a cautious performance this week amid signs of tight supplies as the European Union discussed with Hungary plans to ban imports from Russia, the world&#8217;s second-largest crude exporter, after it invaded Ukraine.<\/p>\n\n\n\n<p>Brent crude futures for July delivery rose 47 cents, or 0.41 percent, to $114.50 a barrel at 0656 GMT.<\/p>\n\n\n\n<p>US West Texas Intermediate crude futures for July delivery also rose 53 cents, or 0.48 percent, to $110.86 a barrel.<\/p>\n\n\n\n<p>A larger-than-expected drop in US crude stocks in the week ending May 20, after exports rose, supported the market on Wednesday. Analysts said the stockpile drawdown and the prospect of a European Union embargo on Russian oil, in response to what Moscow calls its &#8220;special military operation&#8221; in Ukraine, have pushed up prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Thursday, continuing a cautious performance this week amid signs of tight supplies as the European Union discussed with Hungary plans to ban imports from Russia, the world&#8217;s second-largest crude exporter, after it invaded Ukraine. Brent crude futures for July delivery rose 47 cents, or 0.41 percent, to $114.50 a barrel at &hellip;<\/p>\n","protected":false},"author":9,"featured_media":53016,"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":[7156,6885,7163,9069,7534,9639,6909],"class_list":["post-66064","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-brent","tag-fed","tag-jerome-powell","tag-russian-oil-ban","tag-sanctions","tag-venezuela","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/66064","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=66064"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/66064\/revisions"}],"predecessor-version":[{"id":66065,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/66064\/revisions\/66065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53016"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=66064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=66064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=66064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}