{"id":474282,"date":"2022-03-09T09:38:05","date_gmt":"2022-03-09T04:08:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=474282"},"modified":"2022-03-09T10:21:07","modified_gmt":"2022-03-09T04:51:07","slug":"ukraine-crisis-oil-prices-surge-as-us-and-britain-cut-off-russian-crude","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ukraine-crisis-oil-prices-surge-as-us-and-britain-cut-off-russian-crude\/","title":{"rendered":"Ukraine crisis: Oil prices surge as US and Britain cut off Russian crude"},"content":{"rendered":"<p>Oil prices surged on Tuesday as the United States and Britain moved to ban Russian oil imports, a decision that is expected to worsen disruptions in the global energy market as Russia is the second-largest exporter of crude.<\/p>\n<p>&#8220;How high can oil prices go? Pick a number, this is a market in disarray,&#8221; said Mike Tran, analyst at RBC Capital Markets, in a note early on Tuesday.<\/p>\n<p>Benchmark Brent crude for May shot up $7.55, or 6.1%, to $130.76 a barrel by 10:56 a.m. EST (1556 GMT). US crude for April delivery was up $7.38, or 6.2%, at $126.78 a barrel.<\/p>\n<p>Britain said it will phase out the import of Russian oil and oil products by 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices surged on Tuesday as the United States and Britain moved to ban Russian oil imports, a decision that is expected to worsen disruptions in the global energy market as Russia is the second-largest exporter of crude. &#8220;How high can oil prices go? Pick a number, this is a market in disarray,&#8221; said Mike Tran, analyst at RBC Capital Markets, in a note early on Tuesday. Benchmark Brent crude for May shot up $7.55, or 6.1%, to $130.76 a barrel by 10:56 a.m. EST (1556 GMT). US crude for April delivery was up $7.38, or 6.2%, at $126.78 a [&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-474282","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\/474282","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=474282"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/474282\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=474282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=474282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=474282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}