{"id":498273,"date":"2022-06-15T09:16:43","date_gmt":"2022-06-15T03:46:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=498273"},"modified":"2022-06-15T09:36:47","modified_gmt":"2022-06-15T04:06:47","slug":"oil-prices-rise-as-tight-supply-counters-china-covid-recession-worries","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-as-tight-supply-counters-china-covid-recession-worries\/","title":{"rendered":"Oil prices rise as tight supply counters China Covid, recession worries"},"content":{"rendered":"<p>Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China.<\/p>\n<p>Brent crude futures rose 88 cents, or 0.7%, to $123.15 a barrel at 0824 GMT, while U.S. West Texas Intermediate (WTI) crude rose 88 cents, or 0.7% to $121.81 a barrel.<\/p>\n<p>Tight supply has been aggravated by a drop in exports from Libya amid a political crisis that has hit output and ports.<\/p>\n<p>Other OPEC+ producers are struggling to meet their production quotas and Russia faces bans on its oil over the war in Ukraine.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. Brent crude futures rose 88 cents, or 0.7%, to $123.15 a barrel at 0824 GMT, while U.S. West Texas Intermediate (WTI) crude rose 88 cents, or 0.7% to $121.81 a barrel. Tight supply has been aggravated by a drop in exports from Libya amid a political crisis that has hit output and ports. Other OPEC+ producers are struggling to meet their production quotas and Russia faces bans on its oil over the war [&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-498273","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\/498273","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=498273"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/498273\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=498273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=498273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=498273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}