{"id":1314,"date":"2017-10-24T19:04:43","date_gmt":"2017-10-24T19:04:43","guid":{"rendered":"http:\/\/madaresharghi.com\/oil-prices-set-for-weekly-loss\/"},"modified":"2017-10-24T19:04:43","modified_gmt":"2017-10-24T19:04:43","slug":"oil-prices-set-for-weekly-loss","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/oil-prices-set-for-weekly-loss\/","title":{"rendered":"Oil Prices Set for Weekly Loss"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tOil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East which have slashed supplies of crude.<br \/> \tBrent crude was down 35 cents at $56.88 a barrel. US light crude was 45 cents lower at $50.84, CNBC reported.<br \/> \t\u201cThere is a little bit of profit-taking,\u201d said Olivier Jakob, chief strategist at consultancy Petromatrix. \u201cThe market has really been treading a small range all of this week without any true momentum.\u201d<br \/> \tOil exports from Iraq\u2019s Kurdistan via the Turkish port of Ceyhan were flowing at average rates on Friday of 216,000 barrels per day down from the usual flows of around 600,000 bpd, a shipping source said.<br \/> \tIraqi troops regained control of two major oilfields northwest of Kirkuk from Kurdish Peshmerga forces this week, and the Iraqi Oil Ministry expects to bring the fields back on stream on Sunday.<br \/> \tDespite the losses on Friday, analysts said the market was on a path toward rebalancing.<br \/> \t\u201cThe oil market has moved into modest undersupply and we expect this will persist at least through the end of the year,\u201d US investment bank Jefferies said.<br \/> \tUS commercial stocks of crude oil have dropped 15% from their March records to 456.5 million barrels, below levels seen last year. Part of this drawdown has been due to rising exports as a result of the steep discount of US crude to Brent, which makes it attractive for American producers to export their oil.<br \/> \tCrude oil for immediate use now carries a premium over forward futures, making it profitable to sell oil produced now rather than storing it for sale later.<br \/> \tShipping data in Thomson Reuters Eikon show overseas US crude oil shipments have soared from virtually zero before the government loosened export restrictions in late 2015 to around 2.6 million bpd in October.<br \/> \t\u201cWhile outbound shipments recently approached 2 million bpd, our math suggests that physical bottlenecks are unlikely to kick in until waterborne exports approach 3.2 million bpd,\u201d RBC Capital Markets said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Oil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East which have slashed supplies of crude. Brent crude was down 35 cents at $56.88 a barrel. US light crude was 45 cents lower at $50.84, CNBC reported. \u201cThere is a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[639],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil Prices Set for Weekly Loss - madaresharghi | An Analytical Look at Middle Eastern Developments<\/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:\/\/madaresharghi.ir\/en\/oil-prices-set-for-weekly-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil Prices Set for Weekly Loss - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Oil prices fell on Friday and were set for a weekly loss as investors sought to book profits, despite tensions in the Middle East which have slashed supplies of crude. Brent crude was down 35 cents at $56.88 a barrel. US light crude was 45 cents lower at $50.84, CNBC reported. \u201cThere is a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/oil-prices-set-for-weekly-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-24T19:04:43+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/oil-prices-set-for-weekly-loss\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/oil-prices-set-for-weekly-loss\/\",\"name\":\"Oil Prices Set for Weekly Loss - madaresharghi | An Analytical Look at Middle Eastern Developments\",\"isPartOf\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\"},\"datePublished\":\"2017-10-24T19:04:43+00:00\",\"dateModified\":\"2017-10-24T19:04:43+00:00\",\"author\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/madaresharghi.ir\/en\/oil-prices-set-for-weekly-loss\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\",\"name\":\"administrator\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/901309319175b0d219e688b01909d220?s=96&d=mm&r=g\",\"caption\":\"administrator\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1314"}],"collection":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/comments?post=1314"}],"version-history":[{"count":0,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1314\/revisions"}],"wp:attachment":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/media?parent=1314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/categories?post=1314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/tags?post=1314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}