{"id":472835,"date":"2022-03-04T09:29:28","date_gmt":"2022-03-04T03:59:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=472835"},"modified":"2022-03-04T10:31:47","modified_gmt":"2022-03-04T05:01:47","slug":"oil-hits-almost-decade-high-of-119-before-iran-throttles-the-rally","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-hits-almost-decade-high-of-119-before-iran-throttles-the-rally\/","title":{"rendered":"Oil hits almost decade high of $119 before Iran throttles the rally"},"content":{"rendered":"<p>Oil prices climbed to almost $120 a barrel on Thursday, their highest in nearly a decade, as sanctions disrupted Russian oil sales but the rally lost some of its fizz on rising prospects for an Iran nuclear deal that could add extra supplies.<\/p>\n<p>Benchmark Brent rose to $119.84 a barrel, the highest since 2012, with additional support coming from data showing U.S. crude stockpiles had hit multi-year lows. By 1416 GMT, it had slipped back to $112.75 a barrel.<\/p>\n<p>Brent has jumped by more than a third in the past month. The contract&#8217;s six-month spread hit a record high of more than $21 a barrel, indicating very tight supplies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed to almost $120 a barrel on Thursday, their highest in nearly a decade, as sanctions disrupted Russian oil sales but the rally lost some of its fizz on rising prospects for an Iran nuclear deal that could add extra supplies. Benchmark Brent rose to $119.84 a barrel, the highest since 2012, with additional support coming from data showing U.S. crude stockpiles had hit multi-year lows. By 1416 GMT, it had slipped back to $112.75 a barrel. Brent has jumped by more than a third in the past month. The contract&#8217;s six-month spread hit a record high of [&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-472835","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\/472835","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=472835"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472835\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=472835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=472835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=472835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}