{"id":60279,"date":"2014-09-12T09:09:26","date_gmt":"2014-09-12T13:09:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=60279"},"modified":"2014-09-12T11:49:50","modified_gmt":"2014-09-12T15:49:50","slug":"wti-crude-extend-gains-for-second-day","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/wti-crude-extend-gains-for-second-day\/","title":{"rendered":"WTI Crude Extend Gains for Second Day"},"content":{"rendered":"
September 12, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Futures for the West Texas Intermediate (WTI) crude extended gains on Friday, rising for a second straight day as the spotlight is on Russia after a new round of sanctions against the country triggered some volatility.<\/p>\n

The North American West Texas Intermediate (WTI) for October delivery climbed 0.59% to $93.38 per barrel on the New York Mercantile Exchange. Prices fell to $90.43 on Thursday, the lowest since May 1, 2013.\u00a0<\/span><\/p>\n

Futures for the European benchmark Brent crude for October settlement traded 0.28% higher to $98.36 a barrel on the ICE Futures Europe exchange based in London.<\/p>\n

IEA Forecast<\/span><\/h2>\n

On Thursday, the Paris-based International Energy agency (IEA) said the global oil demand has weaken due to the slow purchases from Europe and China as Saudi Arabia \u00a0exported the least in nearly three years.<\/p>\n

IAE lowered its forecast for global demand by 150,000 barrels per day (bpd) to 900,000 barrels per day this year and 100,000 bpd to 1.2 million bpd for 2015.<\/p>

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Meanwhile, the Organization of the Petroleum Exporting (OPEC) trimmed its output target by the most in three years.<\/p>\n

Russia<\/span><\/h2>\n

The US will \u2018deepen and broaden\u2019 sanctions against Russia\u2019s financial, energy\u00a0 and defense industries, President Barack Obama said in a statement released by the White House on Thursday , just after the EU announced a new round of sanctions against Russia.<\/p>\n

The EU added 15 companies, which includes OAO Rosneft, OAO Transneft and OAO Gazoprom Neft and 24 individuals to the list of those affected by the new round of sanctions imposed against Russia, which will take effect from today.<\/p>\n

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The post WTI Crude Extend Gains for Second Day<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Futures for the West Texas Intermediate (WTI) crude extended gains on Friday, rising for a second straight day as the spotlight is on Russia after a new round of sanctions against the country triggered some volatility. The North American West Texas Intermediate (WTI) for October delivery climbed 0.59% to $93.38 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-60279","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=60279"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60279\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=60279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=60279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=60279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}