{"id":344671,"date":"2023-07-22T09:36:10","date_gmt":"2023-07-22T04:36:10","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=344671"},"modified":"2023-07-22T09:36:10","modified_gmt":"2023-07-22T04:36:10","slug":"brent-hits-80-55-a-barrel-on-supply-concerns","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/brent-hits-80-55-a-barrel-on-supply-concerns\/","title":{"rendered":"Brent hits $80.55 a barrel on supply concerns"},"content":{"rendered":"<p>ISLAMABAD: Crude oil prices rose on Friday, setting a stage for fourth weekly gain in a row, as the market is starting to see signs of tightening supply after a drop in US crude stocks. As of 1130 hours GMT, Brent, the international benchmark for two-thirds of the world\u2019s oil, gained $0.91 (+1.14%) to reach $80.55 a barrel. The West Texas Intermediate (WTI), the main oil benchmark for North America, went up by $0.89 (+1.18%) to $76.54 a barrel. The price of Russian Sokol increased by $0.98 (+1.38%) to $72.02. Arab Light prices witnessed an increase of $0.85 (+1.02%) to reach $83.96 a barrel. On the other hand, the price for Opec Basket increased by $1.13 (+1.41%) to $81.46. 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 rose on Friday, setting a stage for fourth weekly gain in a row, as the market is starting to see signs of tightening supply after a drop in US crude stocks. As of 1130 hours GMT, Brent, the international benchmark for two-thirds of the world\u2019s oil, gained $0.91 (+1.14%) to reach [&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-344671","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 hits $80.55 a barrel on supply concerns<\/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-hits-80-55-a-barrel-on-supply-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brent hits $80.55 a barrel on supply concerns\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: Crude oil prices rose on Friday, setting a stage for fourth weekly gain in a row, as the market is starting to see signs of tightening supply after a drop in US crude stocks. 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