{"id":625849,"date":"2024-01-02T10:11:25","date_gmt":"2024-01-02T04:41:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=625849"},"modified":"2024-01-02T11:32:52","modified_gmt":"2024-01-02T06:02:52","slug":"oil-jumps-1-in-new-year-after-us-forces-repel-houthis-in-red-sea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-jumps-1-in-new-year-after-us-forces-repel-houthis-in-red-sea\/","title":{"rendered":"Oil jumps 1% in New Year after US forces repel Houthis in Red Sea"},"content":{"rendered":"<p>Sigapore: Oil prices jumped 1 per cent on Tuesday, starting the New Year higher as a Red Sea naval clash focused attention on potential Middle East supply disruptions and expectations of Chinese economic stimulus boosted the demand outlook in the world&#8217;s top crude importer.<\/p>\n<p>Brent crude rose $1.03, or 1.3 per cent, to $78.07 a barrel by 0225 GMT while US West Texas Intermediate crude was at $72.53 a barrel, up 88 cents, or 1.2 per cent.<\/p>\n<p>The risks of the Israel-Gaza conflict morphing into a wider regional conflict rose over the weekend after US helicopters repelled an attack on Sunday by Iran-backed Houthi militants on a Maersk container vessel in the Red Sea, sinking three Houthi ships and killing 10 militants, according to accounts by American, Maersk, and Houthi officials.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sigapore: Oil prices jumped 1 per cent on Tuesday, starting the New Year higher as a Red Sea naval clash focused attention on potential Middle East supply disruptions and expectations of Chinese economic stimulus boosted the demand outlook in the world&#8217;s top crude importer. Brent crude rose $1.03, or 1.3 per cent, to $78.07 a barrel by 0225 GMT while US West Texas Intermediate crude was at $72.53 a barrel, up 88 cents, or 1.2 per cent. The risks of the Israel-Gaza conflict morphing into a wider regional conflict rose over the weekend after US helicopters repelled an attack on [&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-625849","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\/625849","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=625849"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/625849\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=625849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=625849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=625849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}