{"id":69165,"date":"2022-07-28T11:00:00","date_gmt":"2022-07-28T07:00:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69165"},"modified":"2022-07-28T11:25:39","modified_gmt":"2022-07-28T07:25:39","slug":"oil-extends-gains-as-risk-appetite-improves-us-inventories-fall","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-extends-gains-as-risk-appetite-improves-us-inventories-fall\/07\/28\/market-updates\/","title":{"rendered":"Oil extends gains as risk appetite improves, US inventories fall"},"content":{"rendered":"\n<p>Oil rose more than a dollar a barrel on Thursday, extending gains from the previous session, supported by improved risk appetite among investors, while prices were supported by a decline in US crude inventories and a recovery in gasoline demand in the United States.<\/p>\n\n\n\n<p>Brent crude futures for September delivery rose $1.20, or 1.1 percent, to $107.82 a barrel by 0158 GMT. Crude rose $2.22 a barrel on Wednesday.<\/p>\n\n\n\n<p>West Texas Intermediate crude rose $1.44, or 1.5 percent, to $98.70 a barrel, after rising $2.28 a barrel in the previous session.<\/p>\n\n\n\n<p>The Federal Reserve raised interest rates by 0.75 percentage points on Wednesday, in line with expectations to control inflation, while the dollar fell on hopes of a slower rate hike path.<\/p>\n\n\n\n<p>Data from the US Energy Information Administration revealed that US crude stocks fell 4.5 million barrels last week, compared to expectations for a decline of one million barrels, while demand for gasoline in the United States increased by 8.5 percent on a weekly basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil rose more than a dollar a barrel on Thursday, extending gains from the previous session, supported by improved risk appetite among investors, while prices were supported by a decline in US crude inventories and a recovery in gasoline demand in the United States. Brent crude futures for September delivery rose $1.20, or 1.1 percent, &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":[8159,7004],"class_list":["post-69165","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-crude-oil-prices","tag-opec-2"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69165","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=69165"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69165\/revisions"}],"predecessor-version":[{"id":69166,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69165\/revisions\/69166"}],"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=69165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}