{"id":132634,"date":"2024-07-08T13:00:44","date_gmt":"2024-07-08T10:00:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132634"},"modified":"2024-07-16T14:10:27","modified_gmt":"2024-07-16T11:10:27","slug":"oil-prices-steady-amid-storm-threat-and-summer-demand","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/oil-prices-steady-amid-storm-threat-and-summer-demand\/","title":{"rendered":"Oil Prices Steady Amid Storm Threat and Summer Demand"},"content":{"rendered":"<p>Crude prices have risen for four consecutive weeks on expectations of increased summer demand and concerns over potential supply disruptions due to weather. However, fears of economic slowdown in China, the world\u2019s largest oil importer, have tempered recent gains.<\/p>\n<p>Brent crude futures for September edged up 0.2% to $86.67 per barrel, while West Texas Intermediate (WTI) crude held at $82.28 per barrel. Both benchmarks remained near their recent two-month highs.<\/p>\n<p>Major Texas ports closed over the weekend in preparation for Tropical Storm Beryl, which could become a hurricane, potentially delaying crude shipments from key oil export regions.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/nvidia-shifting-investment-strategies-amid-ai-dominance\/\" title=\"Nvidia: Shifting Investment Strategies Amid AI Dominance\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/nvidia-2-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Nvidia: Shifting Investment Strategies Amid AI Dominance<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Initial forecasts minimized Beryl\u2019s impact, but the storm\u2019s unexpected strength after affecting Jamaica raised concerns about Gulf of Mexico production disruptions.<\/p>\n<p>Strong U.S. travel demand during the Independence Day holiday and significant reductions in U.S. oil inventories supported prices, indicating robust summer demand. Geopolitical tensions in the Middle East also continue to underpin oil markets amid concerns of potential disruptions to regional oil production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices held steady on Monday as traders monitored hurricane Beryl&#8217;s potential impact on Gulf of Mexico production and noted robust summer demand signals.<\/p>\n","protected":false},"author":3,"featured_media":63564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[60],"tags":[],"class_list":["post-132634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil Prices Steady Amid Storm Threat and Summer Demand<\/title>\n<meta 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