{"id":89510,"date":"2023-09-15T20:28:27","date_gmt":"2023-09-15T16:28:27","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=89510"},"modified":"2023-09-15T20:31:39","modified_gmt":"2023-09-15T16:31:39","slug":"89510-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/89510-2\/09\/15\/market-updates\/","title":{"rendered":"Holding on $90, WTI to close trading week with gains"},"content":{"rendered":"\n<p> WTI crude oil has rebounded to hold $90\/bbl, despite a small drop on Friday.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Extended production cuts from OPEC member states are putting a tight squeeze on crude markets, sending US crude to ten-month highs. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Saudi Arabia and Russia have recently announced an extension of their current oil production cuts, extending a combined 1.3 million barrel per day decline in headline barrel production through the end of the year. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The next hurdle for buyers will be pushing crude into $100. Technical support for any moves to the downside will be at August&#8217;s last swing high near $84.00, and the nearest challenge for buyers will be the strong swing points marked in at $92.00 in late 2022. <\/p>\n\n\n\n<p>The market is expected to end the week on the high side, with bulls firmly targeting the $100.00 major psychological level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI crude oil has rebounded to hold $90\/bbl, despite a small drop on Friday. Extended production cuts from OPEC member states are putting a tight squeeze on crude markets, sending US crude to ten-month highs. Saudi Arabia and Russia have recently announced an extension of their current oil production cuts, extending a combined 1.3 million &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53340,"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":[10012,6875,9021,7685],"class_list":["post-89510","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-oil-output-cut","tag-russia","tag-saudi-arabia","tag-wti-crude-oil"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89510","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=89510"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89510\/revisions"}],"predecessor-version":[{"id":89513,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/89510\/revisions\/89513"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53340"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=89510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=89510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=89510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}