{"id":483226,"date":"2022-04-08T08:57:04","date_gmt":"2022-04-08T03:27:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=483226"},"modified":"2022-04-08T09:35:54","modified_gmt":"2022-04-08T04:05:54","slug":"oil-gains-1-as-emergency-oil-release-seen-as-band-aid-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-gains-1-as-emergency-oil-release-seen-as-band-aid-2\/","title":{"rendered":"Oil gains $1 as emergency oil release seen as band-aid"},"content":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices clawed back some losses on Thursday after tumbling more than 5% to a three-week low in the previous session after consuming nations announced a huge release of oil from emergency reserves to offset supply lost from Russia.<\/p>\n<p>Brent crude futures climbed $1.32, or 1.3%, to $102.39 a barrel at 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose $1.18, or 1.2%, to $97.41 a barrel.<\/p>\n<p>International Energy Agency member countries agreed to release 60 million barrels on top of a 180 million-barrel release announced by the United States last week to help drive down prices in a tight market following Russia&#8217;s invasion of Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MELBOURNE (Reuters) &#8211; Oil prices clawed back some losses on Thursday after tumbling more than 5% to a three-week low in the previous session after consuming nations announced a huge release of oil from emergency reserves to offset supply lost from Russia. Brent crude futures climbed $1.32, or 1.3%, to $102.39 a barrel at 0119 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose $1.18, or 1.2%, to $97.41 a barrel. International Energy Agency member countries agreed to release 60 million barrels on top of a 180 million-barrel release announced by the United States last week to help drive [&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-483226","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\/483226","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=483226"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483226\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=483226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=483226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=483226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}