{"id":471994,"date":"2022-03-02T09:11:59","date_gmt":"2022-03-02T03:41:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=471994"},"modified":"2022-03-02T09:59:19","modified_gmt":"2022-03-02T04:29:19","slug":"oil-soars-as-russian-energy-supply-fears-intensify-amid-western-sanctions","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-soars-as-russian-energy-supply-fears-intensify-amid-western-sanctions\/","title":{"rendered":"Oil soars as Russian energy supply fears intensify amid Western sanctions"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.<\/p>\n<p>Brent crude rose $2.65, or 2.7%, to $100.58 by 1255 GMT after touching a high of $105.07 a barrel in early trade.<\/p>\n<p>The Brent contract for April delivery expires on Monday. The most active contract, for May delivery, was up $3.68 at $97.80.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude was up $3.62, or 4%, at $95.21 after hitting $99.10 in early trade.<\/p>\n<p>&#8220;Growing concerns about disruptions to Russian energy supplies are pushing oil and gas prices up sharply,&#8221; said Commerzbank analyst Carsten Fritsch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $2.65, or 2.7%, to $100.58 by 1255 GMT after touching a high of $105.07 a barrel in early trade. The Brent contract for April delivery expires on Monday. The most active contract, for May delivery, was up $3.68 at $97.80. U.S. West Texas Intermediate (WTI) crude was up $3.62, or 4%, at $95.21 after hitting $99.10 in early trade. &#8220;Growing concerns about disruptions [&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-471994","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\/471994","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=471994"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471994\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=471994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=471994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=471994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}