{"id":67311,"date":"2022-06-17T20:20:00","date_gmt":"2022-06-17T16:20:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67311"},"modified":"2022-06-17T21:54:17","modified_gmt":"2022-06-17T17:54:17","slug":"wti-revisits-multi-week-lows-below-110-00","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/wti-revisits-multi-week-lows-below-110-00\/06\/17\/market-updates\/","title":{"rendered":"WTI revisits multi-week lows below $110.00"},"content":{"rendered":"\n<p>Crude oil prices came under heavy bearish pressure ahead of the weekend and the barrel of West Texas Intermediate (WTI) declined below $110.00 for the first time in three weeks.  The WTI was down 6.4% on a daily basis at $109.50.<br><br>Tass news agency said that the Russian deputy energy minister was expecting Russia&#8217;s oil exports to increase in 2022 despite Western sanctions and the European embargo.<br><br>Investors grow increasingly concerned over the energy demand outlook as major central banks continue to tighten their policies to battle inflation despite recession risks. <br><br>Meanwhile, the weekly data published by oil services firm Baker Hughes revealed that the number of active oil rigs in the US rose by 4 to 584 in the week to June 17.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil prices came under heavy bearish pressure ahead of the weekend and the barrel of West Texas Intermediate (WTI) declined below $110.00 for the first time in three weeks. The WTI was down 6.4% on a daily basis at $109.50.Tass news agency said that the Russian deputy energy minister was expecting Russia&#8217;s oil exports &hellip;<\/p>\n","protected":false},"author":13,"featured_media":60932,"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":[8159,8658,9007,6909],"class_list":["post-67311","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-crude-oil-prices","tag-monetary-policy-tightening","tag-russian-oil","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67311","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=67311"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67311\/revisions"}],"predecessor-version":[{"id":67315,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67311\/revisions\/67315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/60932"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=67311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}