{"id":2008,"date":"2023-08-03T18:59:00","date_gmt":"2023-08-03T17:59:00","guid":{"rendered":"https:\/\/dzwatch.net\/?p=2008"},"modified":"2026-09-04T00:35:56","modified_gmt":"2026-09-03T23:35:56","slug":"a-slight-drop-in-oil-prices","status":"publish","type":"post","link":"https:\/\/dzwatch.dz\/?p=2008","title":{"rendered":"A slight drop in oil prices."},"content":{"rendered":"\n

Oil prices fell on Thursday, weighed down by a downgrade of the United States’ credit rating, the world’s largest oil consumer.<\/strong><\/p>\n\n\n\n

The price of a barrel of Brent crude for October delivery fell 0.24 percent to $83 a barrel.<\/strong><\/p>\n\n\n\n

The price of a barrel of West Texas Intermediate US crude fell 0.23 percent to reach $79.31 a barrel.<\/strong><\/p>\n\n\n\n

The downgrade of the US credit rating by Standard & Poor’s to “AA-” from “AAA” on Wednesday was seen as a sign of economic weakness in the United States, which is the world’s largest oil consumer.<\/strong><\/p>\n\n\n\n

The downgrade also raised concerns about the global economy<\/a>, which could lead to a slowdown in demand for oil.<\/strong><\/p>\n\n\n\n

Despite the decline in oil prices, the market remains tight, with supply constrained by production cuts from the Organization of Petroleum Exporting Countries (OPEC<\/a>) and its allies.<\/strong><\/p>\n\n\n\n

OPEC and its allies have agreed to cut production by 1.2 million barrels per day until the end of 2017 in an effort to support prices.<\/strong><\/p>\n\n\n\n

The cuts have helped to push oil prices up from their lows of last year, but the market remains volatile and prices could fall further if the global economy weakens.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Oil prices fell on Thursday, weighed down by a downgrade of the United States’ credit rating, the world’s largest oil consumer. The price of a barrel of Brent crude for October delivery fell 0.24 percent to $83 a barrel. The price of a barrel of West Texas Intermediate US crude fell 0.23 percent to reach …<\/p>\n","protected":false},"author":1,"featured_media":2009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","iawp_total_views":5,"footnotes":""},"categories":[1,44],"tags":[],"class_list":["post-2008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-algeria","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/2008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2008"}],"version-history":[{"count":2,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/2008\/revisions"}],"predecessor-version":[{"id":70858,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/posts\/2008\/revisions\/70858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=\/wp\/v2\/media\/2009"}],"wp:attachment":[{"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dzwatch.dz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}