{"id":624081,"date":"2023-12-23T09:58:20","date_gmt":"2023-12-23T04:28:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=624081"},"modified":"2023-12-23T12:49:18","modified_gmt":"2023-12-23T07:19:18","slug":"oil-extends-weekly-gains-up-1-as-tensions-over-red-sea-attacks-persist","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-extends-weekly-gains-up-1-as-tensions-over-red-sea-attacks-persist\/","title":{"rendered":"Oil extends weekly gains, up 1% as tensions over Red Sea attacks persist"},"content":{"rendered":"<p>Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola&#8217;s decision to leave OPEC raised questions over the group&#8217;s effectiveness in supporting prices. <\/p>\n<p>Brent crude futures were up 92 cents, or 1.16%, to $80.31 a barrel by 0931 GMT ahead of Friday&#8217;s earlier 1230 GMT close ahead of the Christmas holiday weekend. <\/p>\n<p>U.S. West Texas Intermediate crude futures were up 96 cents, or 1.3%, at $74.85 a barrel. At its intra-day peak WTI traded $1 higher than Thursday&#8217;s close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea, although Angola&#8217;s decision to leave OPEC raised questions over the group&#8217;s effectiveness in supporting prices. Brent crude futures were up 92 cents, or 1.16%, to $80.31 a barrel by 0931 GMT ahead of Friday&#8217;s earlier 1230 GMT close ahead of the Christmas holiday weekend. U.S. West Texas Intermediate crude futures were up 96 cents, or 1.3%, at $74.85 a barrel. At its intra-day peak WTI traded $1 higher than Thursday&#8217;s close.<\/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-624081","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\/624081","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=624081"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/624081\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=624081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=624081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=624081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}