{"id":494023,"date":"2022-05-27T10:41:36","date_gmt":"2022-05-27T05:11:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=494023"},"modified":"2022-05-27T12:45:53","modified_gmt":"2022-05-27T07:15:53","slug":"oil-firms-on-tight-supply-though-eu-ban-on-russian-oil-still-uncertain-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-firms-on-tight-supply-though-eu-ban-on-russian-oil-still-uncertain-2\/","title":{"rendered":"Oil firms on tight supply though EU ban on Russian oil still uncertain"},"content":{"rendered":"<p>Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world&#8217;s second-largest crude exporter, after it invaded Ukraine. <\/p>\n<p>Brent crude futures for July settlement inched up 7 cents, or 0.1 per cent, to $114.10 a barrel at 0142 GMT.<\/p>\n<p>US West Texas Intermediate (WTI) crude futures for July delivery climbed 22 cents, or 0.2 per cent, to $110.55 a barrel. <\/p>\n<p>A bigger-than-expected drawdown in US crude inventories in the week to May 20, following soaring exports, buoyed the market on Wednesday. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world&#8217;s second-largest crude exporter, after it invaded Ukraine. Brent crude futures for July settlement inched up 7 cents, or 0.1 per cent, to $114.10 a barrel at 0142 GMT. US West Texas Intermediate (WTI) crude futures for July delivery climbed 22 cents, or 0.2 per cent, to $110.55 a barrel. A bigger-than-expected drawdown in US crude inventories in the week to May 20, following soaring exports, buoyed the [&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":[146,130,177],"tags":[],"class_list":["post-494023","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/494023","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=494023"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/494023\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=494023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=494023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=494023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}