{"id":5424,"date":"2021-02-26T18:10:09","date_gmt":"2021-02-26T18:10:09","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=5424"},"modified":"2021-02-26T18:11:54","modified_gmt":"2021-02-26T18:11:54","slug":"oil-drops-on-dollar-strength-opec-supply-expectations","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/","title":{"rendered":"Oil drops on dollar strength, OPEC+ supply expectations"},"content":{"rendered":"<p>Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climbing above pre-pandemic levels.<\/p>\n<p>Brent crude futures for April, which expire on Friday, fell $0.99, or 1.4%, to $65.89 a barrel by 1203 GMT. The more actively traded May contract slipped by $1.19 to $64.92.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures dropped $1.27, or 2%, to $62.26.<\/p>\n<p>A sell-off in bond markets lifted the US dollar, making dollar-priced oil more expensive for holders of other currencies.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5428\" src=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-1.jpg\" alt=\"Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews\" width=\"1024\" height=\"786\" srcset=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-1.jpg 1024w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-1-300x230.jpg 300w, https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-1-768x590.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>Friday\u2019s gains also reflect profit-taking after both Brent and WTI headed towards monthly gains of about 20% on supply disruptions in the United States and optimism over demand recovery on the back of Covid-19 vaccination programmes.<\/p>\n<p>Investors are betting that next week\u2019s meeting of the Organisation of the Petroleum Exporting Countries (OPEC) and allies, a group known as OPEC+, will result in more supply returning to the market.<\/p>\n<p>\u201cOil prices have gone too far and too fast. Brent is above pre-pandemic levels even though global oil demand is still playing catch-up,\u201d PVM analysts said.<\/p>\n<p>For all the talk of tightening fundamentals, the demand side of the market is nowhere near warranting current oil price levels, they added.<\/p>\n<p>US crude prices also face pressure from the loss of refinery demand after several Gulf Coast facilities were shuttered during the winter storm last week.<\/p>\n<p>Refining capacity of about 4 million barrels per day (bpd) is still shut and it could take until March 5 for all shut capacity to resume, though there is risk of delays, analysts at JP Morgan said in a note this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell on Friday as bond price rout led to gains in the US<\/p>\n","protected":false},"author":1,"featured_media":5425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-5424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil drops on dollar strength, OPEC+ supply expectations | Rapid News<\/title>\n<meta name=\"description\" content=\"Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climb\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil drops on dollar strength, OPEC+ supply expectations | Rapid News\" \/>\n<meta property=\"og:description\" content=\"Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climb\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/\" \/>\n<meta property=\"og:site_name\" content=\"Rapid News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-26T18:10:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-26T18:11:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#website\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/\",\"name\":\"Rapid News\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailyrapidnews.com\/eng\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg\",\"contentUrl\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg\",\"width\":640,\"height\":480},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/#webpage\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/\",\"name\":\"Oil drops on dollar strength, OPEC+ supply expectations | Rapid News\",\"isPartOf\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/#primaryimage\"},\"datePublished\":\"2021-02-26T18:10:09+00:00\",\"dateModified\":\"2021-02-26T18:11:54+00:00\",\"author\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c\"},\"description\":\"Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climb\",\"breadcrumb\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailyrapidnews.com\/eng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil drops on dollar strength, OPEC+ supply expectations\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/dailyrapidnews.com\/eng\"],\"url\":\"https:\/\/dailyrapidnews.com\/eng\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Oil drops on dollar strength, OPEC+ supply expectations | Rapid News","description":"Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climb","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/","og_locale":"en_US","og_type":"article","og_title":"Oil drops on dollar strength, OPEC+ supply expectations | Rapid News","og_description":"Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climb","og_url":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/","og_site_name":"Rapid News","article_published_time":"2021-02-26T18:10:09+00:00","article_modified_time":"2021-02-26T18:11:54+00:00","og_image":[{"width":640,"height":480,"url":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/dailyrapidnews.com\/eng\/#website","url":"https:\/\/dailyrapidnews.com\/eng\/","name":"Rapid News","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dailyrapidnews.com\/eng\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/#primaryimage","inLanguage":"en-US","url":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg","contentUrl":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg","width":640,"height":480},{"@type":"WebPage","@id":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/#webpage","url":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/","name":"Oil drops on dollar strength, OPEC+ supply expectations | Rapid News","isPartOf":{"@id":"https:\/\/dailyrapidnews.com\/eng\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/#primaryimage"},"datePublished":"2021-02-26T18:10:09+00:00","dateModified":"2021-02-26T18:11:54+00:00","author":{"@id":"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c"},"description":"Oil prices fell on Friday as bond price rout led to gains in the US dollar while crude supply is expected to rise in response to prices climb","breadcrumb":{"@id":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/26\/oil-drops-on-dollar-strength-opec-supply-expectations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dailyrapidnews.com\/eng\/"},{"@type":"ListItem","position":2,"name":"Oil drops on dollar strength, OPEC+ supply expectations"}]},{"@type":"Person","@id":"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/dailyrapidnews.com\/eng\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/dailyrapidnews.com\/eng"],"url":"https:\/\/dailyrapidnews.com\/eng\/author\/admin\/"}]}},"jetpack_featured_media_url":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg","featured_image_urls":{"full":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg",640,480,false],"thumbnail":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews-150x150.jpg",150,150,true],"medium":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews-300x225.jpg",300,225,true],"medium_large":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg",640,480,false],"large":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg",640,480,false],"1536x1536":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg",640,480,false],"2048x2048":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg",640,480,false],"cream-magazine-thumbnail-2":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg",600,450,false],"cream-magazine-thumbnail-3":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg",640,480,false],"cream-magazine-thumbnail-4":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-drops-on-dollar-strength-OPEC-supply-expectations-rapid-news-rapidnews-dailyrapidnews.jpg",450,338,false]},"author_info":{"display_name":"admin","author_link":"https:\/\/dailyrapidnews.com\/eng\/author\/admin\/"},"category_info":"<a href=\"https:\/\/dailyrapidnews.com\/eng\/category\/business\/\" rel=\"category tag\">Business<\/a>","tag_info":"Business","comment_count":"0","jetpack-related-posts":[{"id":13936,"url":"https:\/\/dailyrapidnews.com\/eng\/2022\/04\/05\/rupee-falls-to-a-new-low\/","url_meta":{"origin":5424,"position":0},"title":"Rupee falls to a new low.","date":"April 5, 2022","format":false,"excerpt":"KARACHI: The rupee fell to a new low of Rs185.23 on Tuesday, owing to political and economic uncertainties in the country, as well as unpredictable international commodity prices. The local currency lost Rs1.14 versus the dollar in the interbank foreign exchange market on Friday, after ending at Rs184.09. The market\u2026","rel":"","context":"In &quot;Pakistan&quot;","img":{"alt_text":"KARACHI: The rupee fell to a new low of Rs185.23 on Tuesday, owing to political and economic uncertainties in the country, as well as unpredictable international commodity prices. The local currency lost Rs1.14 versus the dollar in the interbank foreign exchange market on Friday, after ending at Rs184.09. The market was closed on Monday due to a bank holiday declared by the State Bank of Pakistan (SBP) for the purpose of Zakat deduction. The rupee has remained under pressure due to political uncertainty in the country, demand for external payments, and volatile international oil prices as a result of the Russia-Ukraine conflict, according to dealers. On Tuesday, WTI crude and Brent oil prices were observed going upward as the European Union (EU) is thought to be working on a deal.","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2022\/04\/Pakistan-Rupee_17ab8e9f572_large.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":4169,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/09\/oil-hits-13-month-highs-on-supply-cuts-weak-dollar\/","url_meta":{"origin":5424,"position":1},"title":"Oil hits 13-month highs on supply cuts, weak dollar","date":"February 9, 2021","format":false,"excerpt":"Oil hit 13-month highs on Tuesday with the Brent benchmark staying above $60 a barrel, supported by supply cuts, a weak dollar and optimism over a recovery in fuel demand. Brent crude futures for April were up $0.16, or 0.3%, to $60.72 a barrel by 1301 GMT. US West Texas\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"oil-hits-13month-high-suplly-cuts-weak-dollar-rapid-news-rapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/oil-hits-13month-high-suplly-cuts-weak-dollar-rapid-news-rapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":5954,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/03\/05\/oil-hits-almost-14-month-high-as-opec-extends-output-cuts\/","url_meta":{"origin":5424,"position":2},"title":"Oil hits almost 14-month high as OPEC+ extends output cuts","date":"March 5, 2021","format":false,"excerpt":"Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after the Organisation of the Petroleum Exporting Countries (OPEC) and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. Brent crude futures were up $1.52, or\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"Oil-hits-almost-14-month-high-as-Opec-extends-output-cuts-rapidnews-dailyrapid","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/03\/Oil-hits-almost-14-month-high-as-Opec-extends-output-cuts-rapidnews-dailyrapid.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":10246,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/05\/06\/oil-prices-slip-despite-big-us-inventory-fall\/","url_meta":{"origin":5424,"position":3},"title":"Oil prices slip despite big US inventory fall","date":"May 6, 2021","format":false,"excerpt":"LONDON: Oil prices slipped after earlier gains on Thursday, weighed by rising Covid-19 infections in India and elsewhere, and despite a much sharper-than-expected fall in US crude inventories. Brent crude oil futures fell by $0.28, or 0.4%, to $68.68 a barrel by 0939 GMT, and West Texas Intermediate (WTI) US\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"Oil-prices-slip-despite-big-US-inventory-fall-rapidnews-dailyrapid","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/05\/Oil-prices-slip-despite-big-US-inventory-fall-rapidnews-dailyrapid-e1620322428651.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":3725,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/03\/oil-prices-near-1-year-highs-after-stocks-draw-supply-deficit-forecast\/","url_meta":{"origin":5424,"position":4},"title":"Oil prices near 1-year highs after stocks draw, supply deficit forecast","date":"February 3, 2021","format":false,"excerpt":"Both benchmark oil contracts were close to their highest in about a year on Wednesday, boosted by a draw in US crude and gasoline stocks, which fuelled demand recovery hopes as OPEC+ has forecast that the market will be in deficit in 2021. Brent crude futures were up $0.55, or\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"Oil-prices-near-1-year-highs-after-stocks-draw-supply-deficit-forecast-dailyrapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/Oil-prices-near-1-year-highs-after-stocks-draw-supply-deficit-forecast-dailyrapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":6151,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/03\/08\/key-oil-price-surges-above-70-after-attack-on-saudi-facilities\/","url_meta":{"origin":5424,"position":5},"title":"Key oil price surges above $70 after attack on Saudi facilities","date":"March 8, 2021","format":false,"excerpt":"Brent crude futures surged above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while US crude touched its highest in more than two years, following reports of attacks on Saudi Arabian facilities. Brent crude futures for May hit $71.38 a barrel in early Asian\u2026","rel":"","context":"In &quot;Business&quot;","img":{"alt_text":"Key-oil-price-surges-above-70-after-attack-on-Saudi-facilities-rapid-news-dailyrapid","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/03\/Key-oil-price-surges-above-70-after-attack-on-Saudi-facilities-rapid-news-dailyrapid.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/5424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=5424"}],"version-history":[{"count":3,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/5424\/revisions"}],"predecessor-version":[{"id":5431,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/5424\/revisions\/5431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/5425"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=5424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=5424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=5424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}