{"id":3642,"date":"2022-07-15T20:55:12","date_gmt":"2022-07-15T15:55:12","guid":{"rendered":"https:\/\/mbt.mv\/?p=3642"},"modified":"2022-07-15T20:55:12","modified_gmt":"2022-07-15T15:55:12","slug":"global-oil-dance-price-rise-on-no-saudi-production-boost-expectations","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=3642","title":{"rendered":"Global Oil Dance; price rise on no Saudi production boost expectations"},"content":{"rendered":"<p>Oil prices rose on Friday, 15th July after a United States official had reported to Reuters an immediate Saudi oil output boost is not expected.<\/p>\n<p>On the other hand, there was indication that the US central bank may likely bump interest rates less aggressively than earlier expected, which had also contributed to crude support.<\/p>\n<p>Brent crude futures for September delivery surged from USD2.10 or 2.12% to USD101.2 a barrel while WTI crude hiked from USD2.18 or 2.28% to USD97.96.<\/p>\n<p>Meanwhile, US Federal Reserve&#8217;s policymakers on Thursday, 14th July, claimed of favoring a rate increase of 75 basis points at its policy meeting held earlier this month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Friday, 15th July after a United States official had reported to Reuters an immediate Saudi oil output boost is not expected. On the other hand, there was indication that the US central bank may likely bump interest rates less aggressively than earlier expected, which had also contributed to crude support. Brent<\/p>\n","protected":false},"author":4,"featured_media":3643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423],"tags":[422,781,1623,2227],"class_list":{"0":"post-3642","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-crude-oil","9":"tag-global-oil-market","10":"tag-oil-price","11":"tag-united-states"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global Oil Dance; price rise on no Saudi production boost expectations - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=3642\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Oil Dance; price rise on no Saudi production boost expectations - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Oil prices rose on Friday, 15th July after a United States official had reported to Reuters an immediate Saudi oil output boost is not expected. On the other hand, there was indication that the US central bank may likely bump interest rates less aggressively than earlier expected, which had also contributed to crude support. Brent\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=3642\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-15T15:55:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2022\/07\/US-Oil-Dril-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"605\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=3642#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=3642\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Global Oil Dance; 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