{"id":38843,"date":"2023-07-21T18:58:28","date_gmt":"2023-07-21T22:58:28","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/oil-futures-settle-more-than-2-higher-for-the-week\/"},"modified":"2023-07-21T18:58:29","modified_gmt":"2023-07-21T22:58:29","slug":"oil-futures-settle-more-than-2-higher-for-the-week","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=38843","title":{"rendered":"Oil futures settle more than 2% higher for the week"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002308233\" role=\"document\">\n<p>Oil futures gained on Friday, with U.S. prices for the commodity up more than 2% for the week. Oil prices have been \u201crelishing the prospects that [Federal Reserve] rate hikes may soon come to an end, while taking advantage of the U.S. dollar\u2019s recent drop,\u201d said Han Tan, chief market analyst at Exinity Group. \u201cThe fundamental picture has also been supported by supply cuts out of Saudi Arabia and Russia, although China\u2019s rocky recovery still muddies oil\u2019s outlook.\u201d West Texas Intermediate crude for September delivery<br \/>\n        CLU23,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209726495\/delayed\" class=\"positive\">+1.56%<\/bg-quote><br \/>\n       climbed $1.42, or 1.9%, to settle at $77.07 a barrel on the New York Mercantile Exchange, with prices based on the front-month contract up 2.3 % 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-settle-more-than-2-higher-for-the-week-22567621?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil futures gained on Friday, with U.S. prices for the commodity up more than 2% for the week. Oil prices have been \u201crelishing the prospects that [Federal Reserve] rate hikes may soon come to an end, while taking advantage of the U.S. dollar\u2019s recent drop,\u201d said Han Tan, chief market analyst at Exinity Group. \u201cThe [&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-38843","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 settle more than 2% higher for the week | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Oil futures gained on Friday, with U.S. prices for the commodity up more than 2% for the week. 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