{"id":9441,"date":"2024-01-11T11:54:17","date_gmt":"2024-01-11T11:54:17","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=9441"},"modified":"2024-01-11T11:54:17","modified_gmt":"2024-01-11T11:54:17","slug":"oil-prices-firm-as-middle-east-tensions-heat-up","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/9441\/","title":{"rendered":"Oil prices firm as Middle East tensions heat up"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0Oil prices rose on Thursday after an oil tanker was boarded by an armed group in Oman, raising the prospect of escalating conflict in the Middle East.<\/p>\n<p>Brent crude futures gained $1.03, or 1.3%, to $77.83 a barrel by 0916 GMT and U.S. West Texas Intermediate crude futures rose 98 cents, or 1.4%, to $72.35, though gains were capped by a surprise build in U.S. crude stockpiles.<\/p>\n<p>The United Kingdom Maritime Trade Operations (UKMTO) authority received a report on Thursday that a vessel about 50 nautical miles east of Oman&#8217;s coast was boarded by four to five armed individuals.<\/p>\n<p>The previous day Yemen-based Houthis mounted their largest attack yet on commercial shipping lanes in the Red Sea and Israeli strikes in southern and central Gaza also intensified.<\/p>\n<p>The United States and Britain hinted they would take further measures if the attacks continued. The United Nations Security Council, meanwhile, passed a resolution demanding an immediate end to the Houthi strikes<\/p>\n<p>The oil benchmarks had settled lower on Wednesday after a surprise jump in U.S. crude stockpiles raised concerns over demand in the world&#8217;s largest oil market.<\/p>\n<p>U.S. crude inventories rose by 1.3 million barrels to 432.4 million barrels in the week ended Jan. 5, the EIA said on Wednesday, against analyst expectations for a draw of 700,000 barrels.<\/p>\n<p>All eyes are now on U.S. inflation data, which will shape views on how soon the Federal Reserve might cut interest rates.<\/p>\n<p>&#8220;Slowing demand, unrest in Middle East and muted price reaction have producers, consumers and market participants alike feeling paranoid about oil prices,&#8221; Barclays said on Thursday as the bank lowered its 2024 Brent forecast by $8 to $85 a barrel.<\/p>\n<p>Meanwhile, Chinese refiners asked for less Saudi crude oil in February, people with knowledge of the matter said, despite the world&#8217;s top oil exporter announcing its biggest price cut in 13 months.<\/p>\n<p>Looking ahead, China&#8217;s customs administration will release December trade data on Friday, giving a full-year picture of overall demand in the world&#8217;s largest oil importer.<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2024-01-11T11:54:17+00:00\"> 11 January 2024<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Brent crude futures gained $1.03, or 1.3%, to $77.83 a barrel by 0916 GMT and U.S. West Texas Intermediate crude futures rose 98 cents, or 1.4%, to $72.35, though gains were capped by a surprise build in U.S. crude stockpiles.","protected":false},"author":1,"featured_media":9442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[47,46,36,19,16],"tags":[],"services":[],"class_list":["post-9441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-international","category-lastnews","category-news","category-oil"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/9441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=9441"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/9441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/9442"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=9441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=9441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=9441"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=9441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}