{"id":261099,"date":"2022-05-18T08:58:19","date_gmt":"2022-05-18T03:58:19","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=261099"},"modified":"2022-05-18T08:58:19","modified_gmt":"2022-05-18T03:58:19","slug":"brent-wti-stay-above-115-as-oil-rally-continues","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/brent-wti-stay-above-115-as-oil-rally-continues\/","title":{"rendered":"Brent, WTI stay above $115 as oil rally continues"},"content":{"rendered":"<p>ISLAMABAD: Crude oil prices surged on Tuesday after reports emerged that coronavirus cases in China are declining while the European Union\u2019s diplomats and officials expressed optimism about reaching a deal on a phased embargo of Russian oil. As of 1205 hours GMT, Brent, the international benchmark for two-thirds of the world\u2019s oil, gained $1.21 (+1.06 percent) to reach $115.45 a barrel. The West Texas Intermediate (WTI), the main oil benchmark for North America, increased to $115.28 a barrel, up by $1.08 (+0.95 percent). The price for Opec basket was recorded at $113.07 a barrel with an increase of 0.62 percent. The OPEC Reference Basket of Crudes (ORB) is made up of Saharan Blend, Girassol, Djeno, Zafiro, Rabi Light, Iran Heavy, Basra Light, Kuwait Export, Es Sider, Bonny Light, Arab Light, Murban and Merey. TLTP<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Crude oil prices surged on Tuesday after reports emerged that coronavirus cases in China are declining while the European Union\u2019s diplomats and officials expressed optimism about reaching a deal on a phased embargo of Russian oil. As of 1205 hours GMT, Brent, the international benchmark for two-thirds of the world\u2019s oil, gained $1.21 (+1.06 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-261099","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brent, WTI stay above $115 as oil rally continues<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/brent-wti-stay-above-115-as-oil-rally-continues\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brent, WTI stay above $115 as oil rally continues\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: Crude oil prices surged on Tuesday after reports emerged that coronavirus cases in China are declining while the European Union\u2019s diplomats and officials expressed optimism about reaching a deal on a phased embargo of Russian oil. 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