{"id":432715,"date":"2021-08-28T09:20:59","date_gmt":"2021-08-28T03:50:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432715"},"modified":"2021-08-28T09:53:24","modified_gmt":"2021-08-28T04:23:24","slug":"oil-prices-jump-as-storm-approaches-gulf-of-mexico-production-hub","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-jump-as-storm-approaches-gulf-of-mexico-production-hub\/","title":{"rendered":"Oil prices jump as storm approaches Gulf of Mexico production hub"},"content":{"rendered":"<p>Oil prices rose on Friday and are on track to post big gains for the week on worries about supply disruptions as energy companies began shutting production in the Gulf of Mexico ahead of a possible hurricane forecast to hit on the weekend. <\/p>\n<p>Brent crude futures were $1.36, or 1.9%, higher at $72.43 a barrel at 1220 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed $1.52, or 2.3%, to $68.94 a barrel. <\/p>\n<p>For the week, Brent is on track for a rise of 11%, its biggest weekly jump since June 2020. WTI is headed for a weekly gain of more than 10%, also the strongest since June 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Friday and are on track to post big gains for the week on worries about supply disruptions as energy companies began shutting production in the Gulf of Mexico ahead of a possible hurricane forecast to hit on the weekend. Brent crude futures were $1.36, or 1.9%, higher at $72.43 a barrel at 1220 GMT. U.S. West Texas Intermediate (WTI) crude futures climbed $1.52, or 2.3%, to $68.94 a barrel. For the week, Brent is on track for a rise of 11%, its biggest weekly jump since June 2020. WTI is headed for a weekly gain of [&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-432715","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\/432715","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=432715"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432715\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}