{"id":99068,"date":"2024-03-25T10:33:00","date_gmt":"2024-03-25T06:33:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=99068"},"modified":"2024-03-25T10:46:52","modified_gmt":"2024-03-25T06:46:52","slug":"oil-prices-rise-amid-growing-concerns-about-supplies","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-prices-rise-amid-growing-concerns-about-supplies\/03\/25\/market-updates\/","title":{"rendered":"Oil prices rise amid growing concerns about supplies"},"content":{"rendered":"\n<p><strong>Oil Prices Inch Up Amid Global Supply Concerns<\/strong><\/p>\n\n\n\n<p>Early Asian trading on Monday saw a modest rise in oil prices, driven by mounting worries over global supply shortages amidst escalating conflicts in the Middle East and the ongoing Russia-Ukraine war. Additionally, a decline in the number of American oil exploration rigs further contributed to upward pressure on prices.<\/p>\n\n\n\n<p>Brent crude futures climbed 24 cents, or 0.3 percent, reaching $85.67 per barrel by 0029 GMT, while US crude futures increased by 25 cents, also up 0.3 percent, to $80.88 per barrel. Both crude oil benchmarks recorded marginal changes of less than one percent last week compared to the previous week.<\/p>\n\n\n\n<p>Data released by energy services company Baker Hughes revealed a drop of one rig in the number of US oil rigs to 509 last week, signaling potential declines in future supplies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Prices Inch Up Amid Global Supply Concerns Early Asian trading on Monday saw a modest rise in oil prices, driven by mounting worries over global supply shortages amidst escalating conflicts in the Middle East and the ongoing Russia-Ukraine war. Additionally, a decline in the number of American oil exploration rigs further contributed to upward &hellip;<\/p>\n","protected":false},"author":9,"featured_media":95641,"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":[9851,8159,6944,6876,8532,6909],"class_list":["post-99068","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-api-data","tag-crude-oil-prices","tag-eia","tag-opec","tag-supply-concerns","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99068","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=99068"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99068\/revisions"}],"predecessor-version":[{"id":99069,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/99068\/revisions\/99069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/95641"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=99068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=99068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=99068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}