{"id":469975,"date":"2022-02-22T11:01:49","date_gmt":"2022-02-22T05:31:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=469975"},"modified":"2022-02-22T12:45:14","modified_gmt":"2022-02-22T07:15:14","slug":"oil-climbs-on-growing-fears-of-conflict-over-ukraine","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-climbs-on-growing-fears-of-conflict-over-ukraine\/","title":{"rendered":"Oil climbs on growing fears of conflict over Ukraine"},"content":{"rendered":"<p>Oil prices jumped more than $2 to a fresh seven-year high on Tuesday after Moscow ordered troops into two breakaway regions in eastern Ukraine, escalating a crisis that western leaders have warned could spark a war. <\/p>\n<p>US and European officials condemned the moves, but a Biden administration official said Russia&#8217;s military action did not as yet constitute an invasion that would trigger a broader sanctions package.<\/p>\n<p>Brent crude futures rose $2.10, or 2.2 per cent, to $97.49 a barrel at 0702 IST, adding to a 2 per cent gain on Monday. Earlier on Tuesday it hit $97.66, its highest since Sept. 2014. <\/p>\n<p>US West Texas Intermediate (WTI) crude futures jumped $3.25, or 3.6 per cent, to $94.32 a barrel versus Friday&#8217;s settlement. The US market was closed on Monday for a public holiday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices jumped more than $2 to a fresh seven-year high on Tuesday after Moscow ordered troops into two breakaway regions in eastern Ukraine, escalating a crisis that western leaders have warned could spark a war. US and European officials condemned the moves, but a Biden administration official said Russia&#8217;s military action did not as yet constitute an invasion that would trigger a broader sanctions package. Brent crude futures rose $2.10, or 2.2 per cent, to $97.49 a barrel at 0702 IST, adding to a 2 per cent gain on Monday. Earlier on Tuesday it hit $97.66, its highest since [&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":[146,130,177],"tags":[],"class_list":["post-469975","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469975","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=469975"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/469975\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=469975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=469975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=469975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}