{"id":61480,"date":"2022-03-07T09:01:00","date_gmt":"2022-03-07T05:01:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=61480"},"modified":"2022-03-07T11:49:14","modified_gmt":"2022-03-07T07:49:14","slug":"oil-price-rises-ten-percent-in-asia","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/oil-price-rises-ten-percent-in-asia\/03\/07\/market-updates\/","title":{"rendered":"Oil Price Rises Ten Percent in Asia"},"content":{"rendered":"\n<p>Oil prices rose more than ten percent in frantic trading on Monday due to fears of a US and European embargo on Russian oil and delays in Iran&#8217;s nuclear talks.<\/p>\n\n\n\n<p>Brent price rose $12.73 to $130.84, while US crude rose $9.92 to $125.60.<\/p>\n\n\n\n<p>And after Brent crude rose 21 percent last week, it rose again due to fears of the United States and Europe imposing an embargo on Russian oil.<\/p>\n\n\n\n<p>&#8220;If the West shuts down most of Russia&#8217;s energy exports, it will be a huge shock to global markets,&#8221; said Ethan Harris, chief economist at Bank of America.<\/p>\n\n\n\n<p>Harris estimated that the market&#8217;s loss of five million barrels of Russian oil could lead to a doubling of oil prices to $200 a barrel and lower economic growth globally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose more than ten percent in frantic trading on Monday due to fears of a US and European embargo on Russian oil and delays in Iran&#8217;s nuclear talks. Brent price rose $12.73 to $130.84, while US crude rose $9.92 to $125.60. And after Brent crude rose 21 percent last week, it rose again &hellip;<\/p>\n","protected":false},"author":9,"featured_media":61009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6975,7436,6846,8902],"class_list":["post-61480","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-crude","tag-crude-oil","tag-oil","tag-ukraine-russia-conflict"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=61480"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61480\/revisions"}],"predecessor-version":[{"id":61481,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/61480\/revisions\/61481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61009"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=61480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=61480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=61480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}