{"id":137912,"date":"2023-09-02T04:50:48","date_gmt":"2023-09-01T23:20:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=137912"},"modified":"2023-09-02T04:50:48","modified_gmt":"2023-09-01T23:20:48","slug":"scope-for-oil-prices-to-rally-ubs-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/scope-for-oil-prices-to-rally-ubs-crypto-news\/","title":{"rendered":"Scope for Oil prices to rally \u2013 UBS &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Brent Crude prices stand at around $85\/bbl, about 3% below the year-to-date highs reached on 9 August. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/markets\/commodities\/energy\/oil\">Oil<\/a> price declines mask improving fundamentals, economists at UBS report.<\/p>\n<h2 class=\"fxs_headline_medium\">Brent to hit $95 and the WTI to rise to $91 by end-December<\/h2>\n<blockquote>\n<p>We do not expect recent price falls to persist, in light of the oil market\u2019s firming fundamentals: We expect global oil demand to hit a record high in August. Oil inventories are declining, tightening the market. OPEC+ production is near a two-year low and supply looks set to stay tight.<\/p>\n<\/blockquote>\n<blockquote>\n<p>So, we still see scope for global Oil prices to rally. We now expect Brent to hit $95\/bbl and the US WTI benchmark to rise to $91\/bbl by end-December.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Brent Crude prices stand at around $85\/bbl, about 3% below the year-to-date highs reached on 9 August. Oil price declines mask improving fundamentals, economists at UBS report. Brent to hit $95 and the WTI to rise to $91 by end-December We do not expect recent price falls to persist, in light of the oil [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":21176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,923,248,251,246,257,255,250,683,252,247,253,249,256,254,664],"class_list":["post-137912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-brent","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oil","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress","tag-wti"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=137912"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137912\/revisions"}],"predecessor-version":[{"id":137913,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137912\/revisions\/137913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/21176"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=137912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=137912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=137912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}