{"id":80237,"date":"2023-02-20T10:40:00","date_gmt":"2023-02-20T06:40:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=80237"},"modified":"2023-02-20T10:57:22","modified_gmt":"2023-02-20T06:57:22","slug":"stability-of-oil-prices-after-decline-last-week","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/stability-of-oil-prices-after-decline-last-week\/02\/20\/market-updates\/","title":{"rendered":"Stability of oil prices after decline last week"},"content":{"rendered":"\n<p>Oil prices were little changed in early Asian trading on Monday, after falling $2 a barrel at the close on Friday, as rising supplies in the United States and expectations of higher interest rates dampened optimism about a recovery in demand in China.<\/p>\n\n\n\n<p>Brent crude fell nine cents, or 0.1 percent, to $82.91 a barrel by 0051 GMT.<\/p>\n\n\n\n<p>The price of US West Texas Intermediate crude for the month of March was $76.40 a barrel, up six cents. April contracts fell nine cents to $76.46.<\/p>\n\n\n\n<p>Brent and West Texas crude fell at the close last week by about four percent after the United States announced an increase in crude oil and gasoline stocks.<\/p>\n\n\n\n<p>Washington also announced plans to withdraw 26 million barrels of crude oil from the Strategic Petroleum Reserve, which could lead to a build-up of inventories at Cushing, Oklahoma, the delivery point for WTI contracts through May, Energy Aspects analysts said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices were little changed in early Asian trading on Monday, after falling $2 a barrel at the close on Friday, as rising supplies in the United States and expectations of higher interest rates dampened optimism about a recovery in demand in China. Brent crude fell nine cents, or 0.1 percent, to $82.91 a barrel &hellip;<\/p>\n","protected":false},"author":9,"featured_media":77220,"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":[8159,9007],"class_list":["post-80237","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-crude-oil-prices","tag-russian-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80237","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=80237"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80237\/revisions"}],"predecessor-version":[{"id":80238,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80237\/revisions\/80238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/77220"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=80237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=80237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=80237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}