{"id":626007,"date":"2024-01-03T10:00:51","date_gmt":"2024-01-03T04:30:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=626007"},"modified":"2024-01-03T10:36:24","modified_gmt":"2024-01-03T05:06:24","slug":"oil-jumps-1-5-in-new-year-after-u-s-forces-repel-houthis-in-red-sea","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-jumps-1-5-in-new-year-after-u-s-forces-repel-houthis-in-red-sea\/","title":{"rendered":"Oil jumps 1.5% in New Year after U.S. forces repel Houthis in Red Sea"},"content":{"rendered":"<p>Oil prices jumped 1.5% in the first session of the New Year, due to potential supply disruptions in the Middle East after a naval clash in the Red Sea, and hopes of strong holiday demand and an economic stimulus in China, the top crude importer.<\/p>\n<p>Brent crude rose $1.20, or 1.5%, to $78.24 a barrel by 0438 GMT while U.S. West Texas Intermediate crude was at $72.66 a barrel, up $1, or 1.4%.<\/p>\n<p>A Reuters survey of economists and analysts predicted Brent crude would average $82.56 a barrel this year, slightly higher than the average of $82.17 in 2023. Analysts forecast that weak global growth would cap demand, but expected geopolitical tensions to provide support.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices jumped 1.5% in the first session of the New Year, due to potential supply disruptions in the Middle East after a naval clash in the Red Sea, and hopes of strong holiday demand and an economic stimulus in China, the top crude importer. Brent crude rose $1.20, or 1.5%, to $78.24 a barrel by 0438 GMT while U.S. West Texas Intermediate crude was at $72.66 a barrel, up $1, or 1.4%. A Reuters survey of economists and analysts predicted Brent crude would average $82.56 a barrel this year, slightly higher than the average of $82.17 in 2023. Analysts [&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":[130,195,138],"tags":[],"class_list":["post-626007","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/626007","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=626007"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/626007\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=626007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=626007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=626007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}