{"id":505523,"date":"2022-07-15T09:32:46","date_gmt":"2022-07-15T04:02:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=505523"},"modified":"2022-07-15T11:13:09","modified_gmt":"2022-07-15T05:43:09","slug":"oil-prices-rise-brent-crosses-100-a-barrel-ahead-of-possible-us-rate-hike-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-brent-crosses-100-a-barrel-ahead-of-possible-us-rate-hike-2\/","title":{"rendered":"Oil prices rise, Brent crosses $100 a barrel ahead of possible US rate hike"},"content":{"rendered":"<p>Oil prices rose on Thursday, with Brent breaking above $100 a barrel, as investors weighed tight supplies against the prospect of a large U.S. rate hike that would stem inflation and curb crude demand.<\/p>\n<p>Brent crude futures for September climbed 68 cents, or 0.7%, to $100.25 a barrel by 0400 GMT after settling below $100 for the second straight session on Wednesday.<\/p>\n<p>U.S. West Texas Intermediate crude for August delivery was at $96.85 a barrel, up 55 cents, or 0.6%, after rising 46 cents in the previous session.<\/p>\n<p>Oil prices have tumbled in the past two weeks on recession concerns despite a drop in crude and refined products exports from Russia amid Western sanctions and supply disruption in Libya.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose on Thursday, with Brent breaking above $100 a barrel, as investors weighed tight supplies against the prospect of a large U.S. rate hike that would stem inflation and curb crude demand. Brent crude futures for September climbed 68 cents, or 0.7%, to $100.25 a barrel by 0400 GMT after settling below $100 for the second straight session on Wednesday. U.S. West Texas Intermediate crude for August delivery was at $96.85 a barrel, up 55 cents, or 0.6%, after rising 46 cents in the previous session. Oil prices have tumbled in the past two weeks on recession concerns [&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-505523","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\/505523","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=505523"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505523\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=505523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=505523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=505523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}