{"id":80944,"date":"2015-11-12T07:11:12","date_gmt":"2015-11-12T12:11:12","guid":{"rendered":"http:\/\/countingpips.com\/?p=80944"},"modified":"2015-11-12T07:13:59","modified_gmt":"2015-11-12T12:13:59","slug":"brent-could-drop-to-42-per-barrel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/brent-could-drop-to-42-per-barrel\/","title":{"rendered":"Brent Could Drop to $42 per Barrel"},"content":{"rendered":"<div id=\"inves-3606674715\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 12, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By\u00a0<\/b><strong>Anna Kokoreva, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p>On Thursday morning oil was correcting after a fall on Wednesday. Yesterday\u2019s close saw Brent on December contracts stand at $45.80, with WTI (December delivery) at $42.96. Today Brent on December contracts is going for around $45.92, with December\u2019s WTI at $43.10 per barrel.<\/p>\n<p>The fall has come about due to negative American Oil Institute data which showed a rise in US reserves of 6.3 million barrels last week. We reckon that the weak growth today will switch into a fall. The US\u2019 EIA will give its version of the report tonight and it\u2019s likely that the data will confirm what was published yesterday.<\/p>\n<p>Brent is looking to head to $42 per barrel and test a local minimum. We recommend investors be prepared for this.<\/p>\n<div class=\"s_invisible_yes\">Source: alpari.com, &#8220;<a href=\"http:\/\/alpari.com\/en\/analytics\/reviews\/commodities\/10982_12112015\/\">Brent Could Drop to $42 per Barrel<\/a>&#8220;<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Anna Kokoreva, Alpari On Thursday morning oil was correcting after a fall on Wednesday. Yesterday\u2019s close saw Brent on December contracts stand at $45.80, with WTI (December delivery) at $42.96. Today Brent on December contracts is going for around $45.92, with December\u2019s WTI at $43.10 per barrel. The fall has come about due to negative [&hellip;]<\/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-80944","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80944","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=80944"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80944\/revisions"}],"predecessor-version":[{"id":80949,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80944\/revisions\/80949"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}