{"id":481808,"date":"2022-04-04T09:06:00","date_gmt":"2022-04-04T03:36:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=481808"},"modified":"2022-04-04T09:49:33","modified_gmt":"2022-04-04T04:19:33","slug":"crude-oil-prices-extend-losses-on-reserves-release-yemen-truce","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-prices-extend-losses-on-reserves-release-yemen-truce\/","title":{"rendered":"Crude oil prices extend losses on reserves release, Yemen truce"},"content":{"rendered":"<p>Oil prices extended losses on Monday as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East.<\/p>\n<p>Brent crude futures fell 79 cents, or 0.8%, to $103.60 a barrel by 0037 GMT while U.S. West Texas Intermediate crude was at $98.45 a barrel, down 82 cents, or 0.8%. Both contracts slipped $1 when markets opened on Monday. <\/p>\n<p>The United Nations has brokered a two-month truce between a Saudi-led coalition and the Houthi group aligned with Iran for the first time in the seven-year conflict. Saudi oil facilities have come under attack by the Houthis during the conflict, adding to supply disruption from Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices extended losses on Monday as investors eyed the release of supplies from strategic reserves from consuming nations, while a truce in Yemen could ease supply disruption concerns in the Middle East. Brent crude futures fell 79 cents, or 0.8%, to $103.60 a barrel by 0037 GMT while U.S. West Texas Intermediate crude was at $98.45 a barrel, down 82 cents, or 0.8%. Both contracts slipped $1 when markets opened on Monday. The United Nations has brokered a two-month truce between a Saudi-led coalition and the Houthi group aligned with Iran for the first time in the seven-year conflict. [&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-481808","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\/481808","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=481808"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/481808\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=481808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=481808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=481808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}