{"id":472803,"date":"2022-03-04T09:30:08","date_gmt":"2022-03-04T04:00:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=472803"},"modified":"2022-03-04T10:32:54","modified_gmt":"2022-03-04T05:02:54","slug":"brent-soars-to-119-highest-since-may-2012-as-us-sanctions-target-russia","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-soars-to-119-highest-since-may-2012-as-us-sanctions-target-russia\/","title":{"rendered":"Brent soars to $119, highest since May 2012, as US sanctions target Russia"},"content":{"rendered":"<p>US sanctions targeting Russian refineries, disruptions to shipping and a fall in U.S. crude stocks to multi-year lows kept oil prices racing on Thursday as Brent charged towards $120 a barrel, its highest in almost a decade.<\/p>\n<p>Brent crude futures rose as high as $119.84 a barrel, the highest since May 2012. The contract was at $119.78 a barrel, up $6.85, or 6.1%, by 0752 GMT.<\/p>\n<p>U.S. West Texas Intermediate crude hit a high of $116.57, the loftiest since September 2008, and was at $116.41 a barrel, up $5.81, or 5.3%.<\/p>\n<p>The gains followed the latest round of U.S. sanctions on Russia&#8217;s oil refining sector that raised concerns that Russian oil and gas exports could be targeted next.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US sanctions targeting Russian refineries, disruptions to shipping and a fall in U.S. crude stocks to multi-year lows kept oil prices racing on Thursday as Brent charged towards $120 a barrel, its highest in almost a decade. Brent crude futures rose as high as $119.84 a barrel, the highest since May 2012. The contract was at $119.78 a barrel, up $6.85, or 6.1%, by 0752 GMT. U.S. West Texas Intermediate crude hit a high of $116.57, the loftiest since September 2008, and was at $116.41 a barrel, up $5.81, or 5.3%. The gains followed the latest round of U.S. sanctions [&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-472803","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\/472803","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=472803"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472803\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=472803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=472803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=472803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}