{"id":495577,"date":"2022-06-02T09:24:02","date_gmt":"2022-06-02T03:54:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=495577"},"modified":"2022-06-02T09:45:42","modified_gmt":"2022-06-02T04:15:42","slug":"oil-prices-strengthen-on-eus-russian-oil-ban-end-of-shanghai-lockdown","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-strengthen-on-eus-russian-oil-ban-end-of-shanghai-lockdown\/","title":{"rendered":"Oil prices strengthen on EU&#8217;s Russian oil ban, end of Shanghai lockdown"},"content":{"rendered":"<p>LONDON (Reuters) -Oil prices strengthened 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, which could bolster demand in an already tight market.<\/p>\n<p>Brent crude was up $1.83, or 1.6%, at $117.46 a barrel as of 11:56 a.m. EDT (1556 GMT). U.S. West Texas Intermediate crude gained $1.77, or 1.6%, to $116.45.<\/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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON (Reuters) -Oil prices strengthened 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, which could bolster demand in an already tight market. Brent crude was up $1.83, or 1.6%, at $117.46 a barrel as of 11:56 a.m. EDT (1556 GMT). U.S. West Texas Intermediate crude gained $1.77, or 1.6%, to $116.45. 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.<\/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-495577","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\/495577","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=495577"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/495577\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=495577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=495577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=495577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}