{"id":624815,"date":"2023-12-28T10:07:55","date_gmt":"2023-12-28T04:37:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=624815"},"modified":"2023-12-28T10:45:47","modified_gmt":"2023-12-28T05:15:47","slug":"brent-to-remain-steady-in-near-term-reflects-demand-destruction-emkay","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-to-remain-steady-in-near-term-reflects-demand-destruction-emkay\/","title":{"rendered":"Brent to remain steady in near term, reflects demand destruction: Emkay"},"content":{"rendered":"<p>In 2023, the journey of WTI Crude Oil prices resembled a roller coaster, characterized by a decline in the initial five months, a subsequent rise for the next four months, and a final decline in Q4. Following a peak at $130.5 per barrel in March 2022, oil prices plummeted by over 40%, influenced by robust Russian flows, a slowdown in Western countries, and a lackluster economic recovery in China. Brokerage house Emkay Wealth Management, the advisory arm of Emkay Global Financial Services, expects Brent crude to trade in a range-bound pattern in the near term with a likelihood of some decline. Currently, it is trading at around $80 per barrel and has been hovering in a narrow-range for the last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2023, the journey of WTI Crude Oil prices resembled a roller coaster, characterized by a decline in the initial five months, a subsequent rise for the next four months, and a final decline in Q4. Following a peak at $130.5 per barrel in March 2022, oil prices plummeted by over 40%, influenced by robust Russian flows, a slowdown in Western countries, and a lackluster economic recovery in China. Brokerage house Emkay Wealth Management, the advisory arm of Emkay Global Financial Services, expects Brent crude to trade in a range-bound pattern in the near term with a likelihood of some [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-624815","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/624815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=624815"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/624815\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=624815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=624815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=624815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}