{"id":472841,"date":"2022-03-04T09:31:59","date_gmt":"2022-03-04T04:01:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=472841"},"modified":"2022-03-04T10:34:11","modified_gmt":"2022-03-04T05:04:11","slug":"brent-touches-nine-year-high-of-118-supply-issues-roil-oil-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-touches-nine-year-high-of-118-supply-issues-roil-oil-markets\/","title":{"rendered":"Brent touches nine-year high of $118, supply issues roil oil markets"},"content":{"rendered":"<p>Brent crude oil price soared past $118 a barrel on Thursday, the highest level in nine years, as escalated Russia-Ukraine conflict and tightened sanctions on Moscow by western countries, led by the United States, created supply and trade disruptions.<\/p>\n<p>Brent crude futures surged to $118.22 per barrel in London, the highest level since February 2013. Brent crude, also known as London Brent, makes up more than half of the world&#8217;s globally traded supply of crude oil.<\/p>\n<p>In the United States, West Texas Intermediate (WTI) crude oil price surged to $114.70 a barrel, the highest in 11 years.<\/p>\n<p>In India, at the Multi Commodity Exchange (MCX), Mumbai, crude futures for March 21, 2022 delivery soared 5.14 per cent to Rs 8667 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent crude oil price soared past $118 a barrel on Thursday, the highest level in nine years, as escalated Russia-Ukraine conflict and tightened sanctions on Moscow by western countries, led by the United States, created supply and trade disruptions. Brent crude futures surged to $118.22 per barrel in London, the highest level since February 2013. Brent crude, also known as London Brent, makes up more than half of the world&#8217;s globally traded supply of crude oil. In the United States, West Texas Intermediate (WTI) crude oil price surged to $114.70 a barrel, the highest in 11 years. In India, at [&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-472841","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\/472841","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=472841"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472841\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=472841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=472841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=472841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}