{"id":462416,"date":"2022-01-18T10:19:35","date_gmt":"2022-01-18T04:49:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=462416"},"modified":"2022-01-18T11:46:26","modified_gmt":"2022-01-18T06:16:26","slug":"oil-rises-to-more-than-7-year-high-on-mideast-tensions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-rises-to-more-than-7-year-high-on-mideast-tensions\/","title":{"rendered":"Oil rises to more than 7-year high on Mideast tensions"},"content":{"rendered":"<p>MELBOURNE: Oil NSE 0.13 % prices rose on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen&#8217;s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition.<\/p>\n<p>The &#8220;new geopolitical tension added to ongoing signs of tightness across the market,&#8221; ANZ Research analyst said in a note.<\/p>\n<p>Brent crude futures were up 44 cents, or 0.5%, at $86.92 a barrel at 0230 GMT, after earlier hitting a high of $87.00, their highest since Oct. 30, 2014.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures jumped 81 cents, or 1%, from Friday&#8217;s settlement to $84.62 a barrel, just off a more than two-month high of $84.78 hit earlier. Trade on Monday was subdued as it was a U.S. public holiday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE: Oil NSE 0.13 % prices rose on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen&#8217;s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a Saudi Arabian-led coalition. The &#8220;new geopolitical tension added to ongoing signs of tightness across the market,&#8221; ANZ Research analyst said in a note. Brent crude futures were up 44 cents, or 0.5%, at $86.92 a barrel at 0230 GMT, after earlier hitting a high of $87.00, their highest since Oct. 30, 2014. U.S. West Texas Intermediate (WTI) crude futures jumped 81 cents, [&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":[130,191,136],"tags":[],"class_list":["post-462416","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462416","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=462416"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462416\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=462416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=462416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=462416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}