{"id":473939,"date":"2022-03-08T09:29:20","date_gmt":"2022-03-08T03:59:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=473939"},"modified":"2022-03-08T10:04:34","modified_gmt":"2022-03-08T04:34:34","slug":"oil-leads-commodities-charge-as-shares-tumble-due-to-ukraine-conflict","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-leads-commodities-charge-as-shares-tumble-due-to-ukraine-conflict\/","title":{"rendered":"Oil leads commodities charge as shares tumble due to Ukraine conflict"},"content":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil and other commodities prices soared while global shares sank on Monday as the risk of a U.S. and European ban on Russian crude imports threatened supply chains and heaped further inflationary pressure on economies worldwide.<\/p>\n<p>Brent, the international benchmark, briefly hit more than $139 a barrel, its highest level since 2008. Nickel soared 30%, gold broke through $2,000 an ounce and wheat jumped to a 14-year high, as industrial buyers and traders scrambled to source raw materials hit by supply disruptions caused by the Russian invasion of Ukraine.<\/p>\n<p>Euro zone real government bond yields fell sharply due to surging energy prices, even before talks of a Russian oil ban, raised concerns that global economies are at risk of stagflation, where prices soar even as growth flatlines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) &#8211; Oil and other commodities prices soared while global shares sank on Monday as the risk of a U.S. and European ban on Russian crude imports threatened supply chains and heaped further inflationary pressure on economies worldwide. Brent, the international benchmark, briefly hit more than $139 a barrel, its highest level since 2008. Nickel soared 30%, gold broke through $2,000 an ounce and wheat jumped to a 14-year high, as industrial buyers and traders scrambled to source raw materials hit by supply disruptions caused by the Russian invasion of Ukraine. Euro zone real government bond yields fell [&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-473939","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\/473939","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=473939"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/473939\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=473939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=473939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=473939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}