{"id":495575,"date":"2022-06-02T09:22:35","date_gmt":"2022-06-02T03:52:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=495575"},"modified":"2022-06-02T09:45:23","modified_gmt":"2022-06-02T04:15:23","slug":"oil-prices-firm-up-as-eu-agrees-to-russian-energy-ban-china-ends-lockdown","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-firm-up-as-eu-agrees-to-russian-energy-ban-china-ends-lockdown\/","title":{"rendered":"Oil prices firm up as EU agrees to Russian energy ban, China ends lockdown"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai.<\/p>\n<p>Brent crude was up $1.71, or 1.5%, at $117.31 a barrel by 0817 GMT. U.S. West Texas Intermediate (WTI) crude rose $1.67, or 1.5%, to $116.34. <\/p>\n<p>Both benchmarks registered gains over May, marking the sixth straight month of rising prices.<\/p>\n<p>&#8220;The mood on the oil market is seemingly turning ever more bullish,&#8221; said Julius Baer analyst Norbert Rucker. &#8220;Europe&#8217;s embargo and China&#8217;s partial reopening is fuelling supply fears and lifting oil prices.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude was up $1.71, or 1.5%, at $117.31 a barrel by 0817 GMT. U.S. West Texas Intermediate (WTI) crude rose $1.67, or 1.5%, to $116.34. Both benchmarks registered gains over May, marking the sixth straight month of rising prices. &#8220;The mood on the oil market is seemingly turning ever more bullish,&#8221; said Julius Baer analyst Norbert Rucker. &#8220;Europe&#8217;s embargo and China&#8217;s partial reopening is fuelling supply fears and lifting [&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-495575","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\/495575","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=495575"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/495575\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=495575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=495575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=495575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}