{"id":462561,"date":"2022-01-19T08:47:12","date_gmt":"2022-01-19T03:17:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=462561"},"modified":"2022-01-19T09:52:53","modified_gmt":"2022-01-19T04:22:53","slug":"brent-climbs-to-more-than-7-year-high-on-mideast-tensions-tight-supply","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-climbs-to-more-than-7-year-high-on-mideast-tensions-tight-supply\/","title":{"rendered":"Brent climbs to more than 7-year high on Mideast tensions, tight supply"},"content":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices rose more than $1 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 rose 85 cents, or 1%, to $87.33 a barrel by 0525 GMT, after earlier hitting a peak of $87.55, their highest since Oct. 29, 2014. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures jumped $1.13, or 1.4%, from Friday&#8217;s settlement to a more than two-month high of $84.95 a barrel. Trade on Monday was subdued as it was a U.S. public holiday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE (Reuters) &#8211; Oil prices rose more than $1 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 rose 85 cents, or 1%, to $87.33 a barrel by 0525 GMT, after earlier hitting a peak of $87.55, their highest since Oct. 29, 2014. U.S. West Texas Intermediate (WTI) crude futures jumped $1.13, [&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-462561","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\/462561","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=462561"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/462561\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=462561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=462561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=462561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}