{"id":223624,"date":"2022-03-18T19:34:00","date_gmt":"2022-03-18T19:34:00","guid":{"rendered":"https:\/\/omni48.com\/news\/oil-settles-up-but-posts-second-consecutive-weekly-decline"},"modified":"2022-03-18T19:34:00","modified_gmt":"2022-03-18T19:34:00","slug":"oil-settles-up-but-posts-second-consecutive-weekly-decline","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/oil-settles-up-but-posts-second-consecutive-weekly-decline","title":{"rendered":"Oil settles up but posts second consecutive weekly decline"},"content":{"rendered":"<p>March 18 (Reuters) &#8211; Oil prices settled higher on Friday, but posted a second straight weekly loss, after a volatile trading week with no easy replacement for Russian barrels in a tight market.Brent crude futures settled up $1.29, or 1.2%, to $107.93 a barrel, a day after surging nearly 9% in the biggest daily percentage gain since mid-2020.U.S. West Texas Intermediate (WTI) crude futures settled up $1.72, or 1.7%, at $104.70 a barrel, adding to the previous session&#8217;s 8% jump.Both benchmark contracts ended the week down around 4%, after trading in a $16 range. Prices hit 14-year highs nearly two weeks ago, encouraging bouts of profit taking since then.Russia said an agreement had yet to be reached after a fourth day of talks with Ukraine. Some signs of progress had emerged earlier in the week. read more &#8220;Prior expectations for a Ukraine\/Russian cease fire or agreement have faded as Russian military assault on key cities continues in suggesting additional financial<\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 18 (Reuters) &#8211; Oil prices settled higher on Friday, but posted a second straight weekly loss, after a volatile trading week with no easy replacement for Russian barrels in<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[27,39,45,44,40,411],"class_list":["post-223624","post","type-post","status-publish","format-standard","hentry","category-news","tag-economy","tag-energy-industry","tag-gas-price","tag-industry","tag-oil-prices","tag-traffic"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/223624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=223624"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/223624\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=223624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=223624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=223624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}