{"id":496731,"date":"2022-06-07T09:37:48","date_gmt":"2022-06-07T04:07:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=496731"},"modified":"2022-06-07T10:49:44","modified_gmt":"2022-06-07T05:19:44","slug":"oil-tops-120-a-barrel-on-saudi-raising-prices-despite-opec-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-tops-120-a-barrel-on-saudi-raising-prices-despite-opec-deal\/","title":{"rendered":"Oil tops $120 a barrel on Saudi raising prices despite OPEC+ deal"},"content":{"rendered":"<p>(Reuters) -Oil prices were largely unchanged after choppy trade on Monday, buoyed by Saudi Arabia raising its July crude prices but amid doubts a higher output target for OPEC+ oil producers would ease tight supply.<\/p>\n<p>Brent crude was up 4 cents to $119.76 a barrel at 12:22 p.m. EDT (1622 GMT) after touching an intraday high of $121.95. <\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures rose 8 cents, or 0.1%, to $118.95 a barrel after hitting a three-month high of $120.99. The benchmark fell by $1 earlier in the session. <\/p>\n<p>Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman\/Dubai quotes, just off an all-time-high recorded in May when prices hit highs due to worries of disruptions in supplies from Russia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Oil prices were largely unchanged after choppy trade on Monday, buoyed by Saudi Arabia raising its July crude prices but amid doubts a higher output target for OPEC+ oil producers would ease tight supply. Brent crude was up 4 cents to $119.76 a barrel at 12:22 p.m. EDT (1622 GMT) after touching an intraday high of $121.95. U.S. West Texas Intermediate (WTI) crude futures rose 8 cents, or 0.1%, to $118.95 a barrel after hitting a three-month high of $120.99. The benchmark fell by $1 earlier in the session. Saudi Arabia raised the July official selling price (OSP) for [&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-496731","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\/496731","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=496731"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/496731\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=496731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=496731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=496731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}