{"id":483230,"date":"2022-04-08T08:58:49","date_gmt":"2022-04-08T03:28:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=483230"},"modified":"2022-04-08T09:36:29","modified_gmt":"2022-04-08T04:06:29","slug":"oil-prices-rise-from-three-week-low-as-supply-concerns-linger","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-from-three-week-low-as-supply-concerns-linger\/","title":{"rendered":"Oil prices rise from three-week low as supply concerns linger"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, as worries over tight supplies still clouded the market outlook.<\/p>\n<p>Brent crude futures climbed $1.05 or 1.%, to $102.12 a barrel at 0921 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 86 cents, or 0.9%, to $97.09 a barrel.<\/p>\n<p>Both benchmarks plunged more than 5% in the previous session and hit their lowest closing levels since March 16.<\/p>\n<p>International Energy Agency member countries on Wednesday 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 amid supply fears following Russia&#8217;s invasion of Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, as worries over tight supplies still clouded the market outlook. Brent crude futures climbed $1.05 or 1.%, to $102.12 a barrel at 0921 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 86 cents, or 0.9%, to $97.09 a barrel. Both benchmarks plunged more than 5% in the previous session and hit their lowest closing levels since March 16. International Energy Agency member countries on Wednesday agreed to release 60 million [&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-483230","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\/483230","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=483230"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483230\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=483230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=483230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=483230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}