{"id":23866,"date":"2021-11-10T08:35:54","date_gmt":"2021-11-10T08:35:54","guid":{"rendered":"https:\/\/www.ukrgate.com\/eng\/?p=23866"},"modified":"2021-11-10T08:35:54","modified_gmt":"2021-11-10T08:35:54","slug":"oil-rises-due-to-data-on-lower-reserves-in-the-united-states","status":"publish","type":"post","link":"https:\/\/www.ukrgate.com\/eng\/?p=23866","title":{"rendered":"Oil rises due to data on lower reserves in the United States"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Kyiv.Ukraine.Ukraine Gate \u2013 November 10,2021- Oil prices rose on Wednesday, November 10, due to data from the American Petroleum Institute (API) regarding an unexpected drop in US inventories.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The price of a barrel of January Brent oil at 9:15 Kiev time was $85.4 (+0.73%). A barrel of WTI crude oil for the month of December was trading at $84.5 (+0.42%). The initial trading in the benchmarks ended at $84.78 and $84.15, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the API, crude oil inventories in the United States fell by 2.5 million bar last week.&nbsp;with a projected increase of 2.1 million bar.&nbsp;At the same time, oil reserves at the terminal in Cushing (Oklahoma), where NYMEX traded oil is stored, increased by 234 thousand barrels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the previous trading, both standards reached their highest level since October 26, which was facilitated by the reduction of world oil reserves over the past few months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Supply is limited because OPEC adheres to a policy of supply cuts.&nbsp;The growth in air traffic is also supporting the demand for oil, \u201dsaid Author Sandu, Senior Commodity Manager at Phillip Futures in Singapore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kyiv.Ukraine.Ukraine Gate \u2013 November 10,2021- Oil prices rose on Wednesday, November 10, due to data from the American Petroleum Institute (API) regarding an unexpected drop in US inventories. The price of a barrel of January Brent oil at 9:15 Kiev time was $85.4 (+0.73%). A barrel of WTI crude oil for the month of December [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":23867,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[349,686,996,1030],"class_list":["post-23866","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-economy","tag-oil-prices","tag-ukraine","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/23866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23866"}],"version-history":[{"count":1,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/23866\/revisions"}],"predecessor-version":[{"id":23868,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/23866\/revisions\/23868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/media\/23867"}],"wp:attachment":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}