{"id":522723,"date":"2022-09-17T09:48:53","date_gmt":"2022-09-17T04:18:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=522723"},"modified":"2022-09-17T10:13:54","modified_gmt":"2022-09-17T04:43:54","slug":"oil-prices-rise-after-basra-terminal-spill-but-set-for-weekly-decline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-rise-after-basra-terminal-spill-but-set-for-weekly-decline\/","title":{"rendered":"Oil prices rise after Basra terminal spill, but set for weekly decline"},"content":{"rendered":"<p>NEW YORK (Reuters) -Oil prices rose on Friday as a spill at Iraq&#8217;s Basra terminal appeared likely to constrain crude supply, but remained on track for a weekly decline on fears that hefty interest rate increases will curb global economic growth and demand for fuel.<\/p>\n<p>Brent crude futures were up 70 cents, or 0.8%, at $91.54 a barrel by 1:43 p.m. EDT (1743 GMT).<\/p>\n<p>U.S. West Texas Intermediate (WTI) crude futures gained 30 cents, or 0.4%, to $85.40.<\/p>\n<p>Both benchmarks were down about 1% on the week, hurt partly by the U.S. dollar&#8217;s strong run, which makes oil more expensive for buyers using other currencies. The dollar index was largely flat on the day , but on track for its fourth weekly gain in five weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (Reuters) -Oil prices rose on Friday as a spill at Iraq&#8217;s Basra terminal appeared likely to constrain crude supply, but remained on track for a weekly decline on fears that hefty interest rate increases will curb global economic growth and demand for fuel. Brent crude futures were up 70 cents, or 0.8%, at $91.54 a barrel by 1:43 p.m. EDT (1743 GMT). U.S. West Texas Intermediate (WTI) crude futures gained 30 cents, or 0.4%, to $85.40. Both benchmarks were down about 1% on the week, hurt partly by the U.S. dollar&#8217;s strong run, which makes oil more expensive [&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-522723","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\/522723","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=522723"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/522723\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=522723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=522723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=522723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}