{"id":474633,"date":"2022-03-10T09:32:10","date_gmt":"2022-03-10T04:02:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=474633"},"modified":"2022-03-10T10:25:32","modified_gmt":"2022-03-10T04:55:32","slug":"oil-falls-5-as-fear-among-investors-over-russian-supply-disruption-eases","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-5-as-fear-among-investors-over-russian-supply-disruption-eases\/","title":{"rendered":"Oil falls 5% as fear among investors over Russian supply disruption eases"},"content":{"rendered":"<p>Oil slid over 5% on Wednesday, pulling back from a rally to peaks not seen in more than a decade, as some investors&#8217; fears over a disruption in Russian supplies eased and the head of the International Energy Agency said the agency could further tap oil stocks.<\/p>\n<p>The market has rallied over 30%, with global benchmark Brent hitting a 2008 high at $139 a barrel, since Russia, the world&#8217;s second-largest crude exporter, invaded Ukraine on Feb, 24, and the world retaliated with financial sanctions, and this week, bans on oil imports.<\/p>\n<p>Brent crude was down $5.26, or 4.1%, to $122.72 a barrel at 11:25 a.m. EST (1625 GMT), after earlier falling as low as $120.04. U.S. West Texas Intermediate (WTI) fell $4.64, or 3.8%, to $119.06 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil slid over 5% on Wednesday, pulling back from a rally to peaks not seen in more than a decade, as some investors&#8217; fears over a disruption in Russian supplies eased and the head of the International Energy Agency said the agency could further tap oil stocks. The market has rallied over 30%, with global benchmark Brent hitting a 2008 high at $139 a barrel, since Russia, the world&#8217;s second-largest crude exporter, invaded Ukraine on Feb, 24, and the world retaliated with financial sanctions, and this week, bans on oil imports. Brent crude was down $5.26, or 4.1%, to $122.72 [&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-474633","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\/474633","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=474633"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/474633\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=474633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=474633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=474633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}