{"id":72846,"date":"2022-09-26T19:49:41","date_gmt":"2022-09-26T15:49:41","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=72846"},"modified":"2022-09-26T21:45:34","modified_gmt":"2022-09-26T17:45:34","slug":"brent-crude-hovers-around-85","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/brent-crude-hovers-around-85\/09\/26\/market-updates\/","title":{"rendered":"Brent crude hovers around $85"},"content":{"rendered":"\n<p>Brent crude futures briefly consolidated above the $86 per barrel mark, before the price fell to around $85. At the time of writing, Brent is trading at $85.25 versus Monday&#8217;s opening price at $86.11 after departing the eight-month low of $84.6, supported by concerns about further supply disruptions, particularly those from Russia amid a looming EU ban on its crude.<br><br>Speculations indicate that OPEC could further intervene in markets. OPEC and its oil-producing allies, including Russia, announced a small supply cut earlier this month and vowed to take more action should volatile market moves persist. <br><br>Fears mount that an aggressive tightening from major central banks worldwide would derail global growth and dampen energy demand. On top of that, a stronger dollar has been putting pressure on energy markets, making dollar-priced commodities more expensive for buyers holding other currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude futures briefly consolidated above the $86 per barrel mark, before the price fell to around $85. At the time of writing, Brent is trading at $85.25 versus Monday&#8217;s opening price at $86.11 after departing the eight-month low of $84.6, supported by concerns about further supply disruptions, particularly those from Russia amid a looming &hellip;<\/p>\n","protected":false},"author":13,"featured_media":72876,"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":[38,37,36],"tags":[7156,6876,8812,6871],"class_list":["post-72846","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-brent","tag-opec","tag-tightening","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72846","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=72846"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72846\/revisions"}],"predecessor-version":[{"id":72879,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/72846\/revisions\/72879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/72876"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=72846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=72846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=72846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}