{"id":507915,"date":"2022-07-22T10:27:21","date_gmt":"2022-07-22T04:57:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=507915"},"modified":"2022-07-22T11:38:49","modified_gmt":"2022-07-22T06:08:49","slug":"oil-prices-rise-as-tight-supply-geopolitical-tensions-linger","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-as-tight-supply-geopolitical-tensions-linger\/","title":{"rendered":"Oil prices rise as tight supply, geopolitical tensions linger"},"content":{"rendered":"<p>Oil prices climbed in Asia trading on Friday, rebounding from previous declines on supply tightness and geopolitical tensions even though weakened demand in the United States has cast a shadow on the market this week. <\/p>\n<p>Brent crude futures rose $1.51, or 1.5 per cent, to $105.37 a barrel by 0310 GMT, while US West Texas Intermediate (WTI) crude futures gained $1.34, or 1.4 per cent, to $97.69 a barrel.<\/p>\n<p>&#8220;Things are still negative on the economic front, but we are still in a structural shortfall for prompt oil and that means physical buyers will be there to support dips knowing the uncertainty of what lies ahead on the geopolitical front,&#8221; said Stephen Innes, managing partner at SPI Asset Management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices climbed in Asia trading on Friday, rebounding from previous declines on supply tightness and geopolitical tensions even though weakened demand in the United States has cast a shadow on the market this week. Brent crude futures rose $1.51, or 1.5 per cent, to $105.37 a barrel by 0310 GMT, while US West Texas Intermediate (WTI) crude futures gained $1.34, or 1.4 per cent, to $97.69 a barrel. &#8220;Things are still negative on the economic front, but we are still in a structural shortfall for prompt oil and that means physical buyers will be there to support dips knowing [&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-507915","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\/507915","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=507915"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507915\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=507915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=507915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=507915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}