{"id":482169,"date":"2022-04-05T09:02:47","date_gmt":"2022-04-05T03:32:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=482169"},"modified":"2022-04-05T09:22:24","modified_gmt":"2022-04-05T03:52:24","slug":"oil-inches-up-as-supply-concerns-weigh-despite-reserve-release-yemen-truce","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-inches-up-as-supply-concerns-weigh-despite-reserve-release-yemen-truce\/","title":{"rendered":"Oil inches up as supply concerns weigh despite reserve release, Yemen truce"},"content":{"rendered":"<p>Oil prices inched higher on Monday as worries about tight supply persisted even as investors eyed the release of supplies from strategic reserves from consuming nations and a truce in Yemen sparked hopes that supply issues in the Middle East could abate.<\/p>\n<p>Brent crude futures were up 9 cents, or 0.09%, to $104.48 a barrel by 0427 GMT while U.S. West Texas Intermediate crude was at $99.30 a barrel, up 3 cents, or 0.03%. 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 inched higher on Monday as worries about tight supply persisted even as investors eyed the release of supplies from strategic reserves from consuming nations and a truce in Yemen sparked hopes that supply issues in the Middle East could abate. Brent crude futures were up 9 cents, or 0.09%, to $104.48 a barrel by 0427 GMT while U.S. West Texas Intermediate crude was at $99.30 a barrel, up 3 cents, or 0.03%. 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 [&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-482169","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\/482169","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=482169"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/482169\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=482169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=482169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=482169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}