{"id":468394,"date":"2022-02-16T08:36:37","date_gmt":"2022-02-16T03:06:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=468394"},"modified":"2022-02-16T08:41:14","modified_gmt":"2022-02-16T03:11:14","slug":"oil-eases-on-profit-taking-russia-ukraine-conflict-remains-key-focus","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-eases-on-profit-taking-russia-ukraine-conflict-remains-key-focus\/","title":{"rendered":"Oil eases on profit-taking, Russia-Ukraine conflict remains key focus"},"content":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices eased on Tuesday as investors scooped up profits from the previous day&#8217;s rally to seven-year highs and as global stock markets slumped, although lingering concerns that Russia might invade Ukraine and disrupt energy supplies limited losses.<\/p>\n<p>Brent crude futures were at $95.60 a barrel by 0747 GMT, down 88 cents, or 0.9%, after rising $2.04 on Monday.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude dropped 92 cents, or 1.0%, to $94.54 a barrel, after gaining $2.36 the previous day.<\/p>\n<p>Both benchmarks hit their highest since September 2014 on Monday, with Brent touching $96.78 and WTI reaching $95.82. <\/p>\n<p>Russia is one of the world&#8217;s largest oil and gas producers, and fears that it could invade Ukraine have driven a rally in oil towards $100 per barrel, a level not seen since 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TOKYO (Reuters) &#8211; Oil prices eased on Tuesday as investors scooped up profits from the previous day&#8217;s rally to seven-year highs and as global stock markets slumped, although lingering concerns that Russia might invade Ukraine and disrupt energy supplies limited losses. Brent crude futures were at $95.60 a barrel by 0747 GMT, down 88 cents, or 0.9%, after rising $2.04 on Monday. U.S. West Texas Intermediate (WTI) crude dropped 92 cents, or 1.0%, to $94.54 a barrel, after gaining $2.36 the previous day. Both benchmarks hit their highest since September 2014 on Monday, with Brent touching $96.78 and WTI reaching [&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-468394","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\/468394","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=468394"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/468394\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=468394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=468394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=468394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}