{"id":505775,"date":"2022-07-15T10:52:48","date_gmt":"2022-07-15T05:22:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=505775"},"modified":"2022-07-15T13:08:08","modified_gmt":"2022-07-15T07:38:08","slug":"oil-prices-rise-ahead-of-potential-large-us-rate-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-ahead-of-potential-large-us-rate-hike\/","title":{"rendered":"Oil prices rise ahead of potential large 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 US rate hike that would stem inflation and curb crude demand. <\/p>\n<p>Brent crude futures for September climbed 68 cents, or 0.7 per cent, to $100.25 a barrel by 0400 GMT after settling below $100 for the second straight session on Wednesday.<\/p>\n<p>US West Texas Intermediate crude for August delivery was at $96.85 a barrel, up 55 cents, or 0.6 per cent, 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 US rate hike that would stem inflation and curb crude demand. Brent crude futures for September climbed 68 cents, or 0.7 per cent, to $100.25 a barrel by 0400 GMT after settling below $100 for the second straight session on Wednesday. US West Texas Intermediate crude for August delivery was at $96.85 a barrel, up 55 cents, or 0.6 per cent, after rising 46 cents in the previous session. Oil prices have tumbled in the past two [&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":[146,130,177],"tags":[],"class_list":["post-505775","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505775","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=505775"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505775\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=505775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=505775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=505775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}