{"id":495588,"date":"2022-06-02T09:27:52","date_gmt":"2022-06-02T03:57:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=495588"},"modified":"2022-06-02T10:20:02","modified_gmt":"2022-06-02T04:50:02","slug":"oil-prices-open-higher-on-eu-russian-oil-ban-end-of-shanghai-lockdown-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-open-higher-on-eu-russian-oil-ban-end-of-shanghai-lockdown-2\/","title":{"rendered":"Oil prices open higher on EU Russian oil ban, end of Shanghai lockdown"},"content":{"rendered":"<p>Oil prices rose in early Asian trade on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and China ended its COVID-19 lockdown in Shanghai.<\/p>\n<p>Brent crude for August delivery was up 78 cents, or 0.7%, at $116.38 a barrel at 0037 GMT.<\/p>\n<p>The front-month contract for July delivery expired on Tuesday at $122.84 a barrel, up 1%.<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude rose 63 cents, or 0.6%, to $115.30 a barrel. 4<\/p>\n<p>Both benchmarks ended the month of May higher, marking the sixth straight month of rising prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose in early Asian trade on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and China ended its COVID-19 lockdown in Shanghai. Brent crude for August delivery was up 78 cents, or 0.7%, at $116.38 a barrel at 0037 GMT. The front-month contract for July delivery expired on Tuesday at $122.84 a barrel, up 1%. U.S. West Texas Intermediate (WTI) crude rose 63 cents, or 0.6%, to $115.30 a barrel. 4 Both benchmarks ended the month of May higher, marking the sixth straight month of rising prices.<\/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-495588","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\/495588","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=495588"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/495588\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=495588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=495588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=495588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}