Lower supplies as well as hostilities between Russia and Ukraine pushed Brent crude oil price to nearly an 8-year high on Wednesday.<\/p>\n
Besides, robust global demand is expected to keep the Brent-index crude oil price high.<\/p>\n
Consequently, crude oil prices have surged by nearly 15 per cent in the last two days on fear of tight supplies.<\/p>\n
On Wednesday, the Brent-indexed crude oil prices rose to over $111 per barrel on Wednesday.<\/p>\n
It had risen to $102 per barrel on Tuesday from Monday’s $98 per barrel mark.<\/p>\n
At present, Russia is the third largest producer of crude oil in the world.<\/p>\n
It is feared that sanctions against Russia will curtail global supplies and stifle growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
Lower supplies as well as hostilities between Russia and Ukraine pushed Brent crude oil price to nearly an 8-year high on Wednesday. Besides, robust global demand is expected to keep the Brent-index crude oil price high. Consequently, crude oil prices have surged by nearly 15 per cent in the last two days on fear of tight supplies. On Wednesday, the Brent-indexed crude oil prices rose to over $111 per barrel on Wednesday. It had risen to $102 per barrel on Tuesday from Monday’s $98 per barrel mark. At present, Russia is the third largest producer of crude oil in the […]<\/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-472434","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\/472434","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=472434"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472434\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=472434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=472434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=472434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}