{"id":465216,"date":"2022-02-01T08:47:08","date_gmt":"2022-02-01T03:17:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=465216"},"modified":"2022-02-01T09:10:23","modified_gmt":"2022-02-01T03:40:23","slug":"oil-posts-biggest-monthly-gain-in-a-year-on-tight-supply-ukraine-tensions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-posts-biggest-monthly-gain-in-a-year-on-tight-supply-ukraine-tensions\/","title":{"rendered":"Oil posts biggest monthly gain in a year on tight supply, Ukraine tensions"},"content":{"rendered":"<p>Oil prices rose on Monday to end January with their biggest monthly gain in a year, boosted by a supply shortage and political tensions in Eastern Europe and the Middle East.<\/p>\n<p>The most-active Brent contract, for April delivery, traded 74 cents higher, or 0.8%, to settle at $89.26 per barrel. The front-month contract, for March delivery, which expired at the end of the session, rose $1.18, or 1.3%, to finish at $91.21. <\/p>\n<p>U.S. West Texas Intermediate crude rose $1.33, or 1.5%, to close at $88.15 a barrel.<\/p>\n<p>The benchmarks recorded their highest levels since October 2014 on Friday, at $91.70 and $88.84, respectively, and their sixth straight weekly gain. They gained by about 17% this month, the most since February 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Monday to end January with their biggest monthly gain in a year, boosted by a supply shortage and political tensions in Eastern Europe and the Middle East. The most-active Brent contract, for April delivery, traded 74 cents higher, or 0.8%, to settle at $89.26 per barrel. The front-month contract, for March delivery, which expired at the end of the session, rose $1.18, or 1.3%, to finish at $91.21. U.S. West Texas Intermediate crude rose $1.33, or 1.5%, to close at $88.15 a barrel. The benchmarks recorded their highest levels since October 2014 on Friday, at $91.70 [&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-465216","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\/465216","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=465216"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/465216\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=465216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=465216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=465216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}