{"id":75183,"date":"2022-11-05T02:30:00","date_gmt":"2022-11-04T22:30:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=75183"},"modified":"2022-11-05T10:32:26","modified_gmt":"2022-11-05T06:32:26","slug":"oil-climbs-as-dollar-slips-and-supply-risks-linger","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-climbs-as-dollar-slips-and-supply-risks-linger\/11\/05\/market-updates\/","title":{"rendered":"Oil climbs as dollar slips and supply risks linger"},"content":{"rendered":"\n<p>Oil climbed on Friday as the dollar eased and supply risks remained, though recession fears and China\u2019s COVID outbreaks kept a check on prices.<br><br>Brent crude futures were and were able to touch the high of $96.51 a barrel at 0740 GMT, and eventually closed at $94.14. The contract is headed for a weekly climb of more than 0.5%.<br><br>WTI crude futures were up $1.94, or 2.2%, at $90.11 a barrel, but eventually WTI surged to $92.61 on course for a weekly gain of more than 2%.<br><br>Both contracts rose as the dollar slipped. A weaker dollar boosts oil demand as it makes the commodity cheaper for those holding other currencies.<br><br>While demand concerns weighed on the market, supply is still expected to be tight, with Europe&#8217;s upcoming embargoes on Russian oil starting and a slide in US crude stockpiles.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil climbed on Friday as the dollar eased and supply risks remained, though recession fears and China\u2019s COVID outbreaks kept a check on prices.Brent crude futures were and were able to touch the high of $96.51 a barrel at 0740 GMT, and eventually closed at $94.14. The contract is headed for a weekly climb of &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":[38,36],"tags":[7156,9733,6909],"class_list":["post-75183","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-brent","tag-recession-fears","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75183","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=75183"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75183\/revisions"}],"predecessor-version":[{"id":75192,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75183\/revisions\/75192"}],"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=75183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}