{"id":14359,"date":"2023-05-26T19:15:21","date_gmt":"2023-05-26T23:15:21","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/oil-futures-end-higher-for-the-session-with-u-s-prices-up-over-1-for-the-week\/"},"modified":"2023-05-26T19:15:21","modified_gmt":"2023-05-26T23:15:21","slug":"oil-futures-end-higher-for-the-session-with-u-s-prices-up-over-1-for-the-week","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=14359","title":{"rendered":"Oil futures end higher for the session, with U.S. prices up over 1% for the week"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002110241\" role=\"document\">\n<p>Oil futures climbed on Friday, contributing to a more than 1% weekly gain in U.S. benchmark crude prices. The market saw a sharp decline Thursday on expectations that OPEC+ wasn\u2019t likely to cut production at its meeting next month, but \u201cthe risk of further sharp falls is being mitigated somewhat by the fact that the markets know the U.S. government is a buyer[of oil]\u00a0 below $70,\u201d as it looks to refill the Strategic Petroleum Reserve, said Michael Hewson, chief market analyst at CMC Markets UK. July West Texas Intermediate crude<br \/>\n        CLN23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209725418\/delayed\" class=\"positive\">+1.45%<\/bg-quote><br \/>\n       rose 84 cents, or 1.2%, to settle at $72.67 a barrel on the New York Mercantile Exchange, with prices for the front-month contract up 1.4% for the week, according to Dow Jones Market Data.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/oil-futures-end-higher-for-the-session-with-u-s-prices-up-over-1-for-the-week-3605219e?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil futures climbed on Friday, contributing to a more than 1% weekly gain in U.S. benchmark crude prices. The market saw a sharp decline Thursday on expectations that OPEC+ wasn\u2019t likely to cut production at its meeting next month, but \u201cthe risk of further sharp falls is being mitigated somewhat by the fact that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-14359","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil futures end higher for the session, with U.S. prices up over 1% for the week | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Oil futures climbed on Friday, contributing to a more than 1% weekly gain in U.S. benchmark crude prices. 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