{"id":77525,"date":"2022-12-24T00:58:00","date_gmt":"2022-12-23T20:58:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=77525"},"modified":"2022-12-24T02:04:24","modified_gmt":"2022-12-23T22:04:24","slug":"crude-oil-surges-3-on-russias-output-linked-signals","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/crude-oil-surges-3-on-russias-output-linked-signals\/12\/24\/market-updates\/","title":{"rendered":"Crude oil surges $3 on Russia\u2019s output-linked signals"},"content":{"rendered":"\n<p>On Friday, crude oil prices settled about $3 per barrel higher for a second straight week of gains following Moscow said it could reduce crude output in response to the G7 price cap on Russia\u2019s energy exports.<br><br>Brent crude settled at $83.92, up by $2.94 or 3.6%, while U.S. West Texas Intermediate (WTI) crude settled at $79.56 a barrel, up $2.07, or 2.7%. Both benchmarks recorded their biggest weekly gains since October.<br><br>Russia may cut oil output by 5% to 7% in early 2023 as it responds to price caps, the RIA news agency cited Deputy Prime Minister Alexander Novak as saying on Friday.<br><br>Russia&#8217;s Baltic oil exports could fall by 20% in December from the previous month after the European Union and G7 nations have imposed sanctions and a price cap on Russian crude from Dec. 5, according to traders and Reuters calculations.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, crude oil prices settled about $3 per barrel higher for a second straight week of gains following Moscow said it could reduce crude output in response to the G7 price cap on Russia\u2019s energy exports.Brent crude settled at $83.92, up by $2.94 or 3.6%, while U.S. West Texas Intermediate (WTI) crude settled at &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61512,"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":[7273,9937,6875],"class_list":["post-77525","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-g7","tag-price-cap","tag-russia"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77525","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=77525"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77525\/revisions"}],"predecessor-version":[{"id":77530,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/77525\/revisions\/77530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61512"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=77525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=77525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=77525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}