{"id":51042,"date":"2023-10-17T15:43:07","date_gmt":"2023-10-17T15:43:07","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east"},"modified":"2023-10-17T16:47:08","modified_gmt":"2023-10-17T16:47:08","slug":"oil-marginally-higher-amid-escalating-conflict-in-middle-east","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east","title":{"rendered":"Oil marginally higher amid escalating conflict in Middle East"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>Oil prices saw limited gains on Tuesday amid the escalating conflict between Israel and Hamas and a tentative resolution to US sanctions on Venezuela.<\/p>\n<p>International benchmark crude Brent traded at $89.98 per barrel at 10.26 a.m. local time (0726 GMT), a 0.37% gain from the closing price of $89.65 a barrel in the previous trading session on Friday.<\/p>\n<p>The American benchmark West Texas Intermediate (WTI) traded at the same time at $85.47 per barrel, up 0.25% from Friday\u2019s close of $85.26 per barrel.<\/p>\n<p>Market players are attempting to analyze the potential spillover of the violence, which began on Oct. 7 and has led to the deaths of at least 2,808 Palestinians and more than 1,400 Israelis, to other nations, as well as the impact on crude oil supply channels as the crisis escalates.<\/p>\n<p>Meanwhile, market players are closely monitoring the outcome of the agreement reached between Venezuela\u2019s government and opposition on new electoral conditions for 2024\u2019s election that, once signed on Tuesday, will trigger relief from US energy sanctions on President Nicolas Maduro\u2019s administration.<\/p>\n<p>The US welcomed talks with US State Department spokesman Matthew Miller, saying, &#8220;The US will continue its efforts to unite the international community in support of the Venezuelan-led negotiation process.&#8221;<\/p>\n<p>After failing to accept Venezuelan President Nicolas Maduro&#8217;s re-election in 2018, the US intensified sanctions on Venezuelan oil exports during former US President Donald Trump&#8217;s administration in 2019.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/malawi\">Malawi<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. Oil prices saw limited gains on Tuesday amid the escalating conflict between Israel and Hamas and a tentative resolution to US sanctions on Venezuela. International benchmark crude Brent traded at $89.98 per barrel at 10.26 a.m. local time (0726 GMT), a 0.37% gain from the closing price of $89.65 a barrel in [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":51041,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,371,6035,234,3857,7029],"class_list":["post-51042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-malawi","tag-brent","tag-malawi","tag-oil","tag-west-texas-intermediate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oil marginally higher amid escalating conflict in Middle East - Malawi<\/title>\n<meta name=\"description\" content=\"Oil prices saw limited gains on Tuesday amid the escalating conflict between Israel and Hamas and a tentative resolution ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil marginally higher amid escalating conflict in Middle East\" \/>\n<meta property=\"og:description\" content=\"Oil prices saw limited gains on Tuesday amid the escalating conflict between Israel and Hamas and a tentative resolution ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-17T15:43:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-17T16:47:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/10\/sm_1697548536.0275.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"863\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oil marginally higher amid escalating conflict in Middle East\",\"datePublished\":\"2023-10-17T15:43:07+00:00\",\"dateModified\":\"2023-10-17T16:47:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east\"},\"wordCount\":246,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/10\/sm_1697548536.0275.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Brent\",\"Malawi\",\"Oil\",\"West Texas Intermediate\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/oil-marginally-higher-amid-escalating-conflict-in-middle-east\",\"name\":\"Oil marginally higher amid escalating conflict in Middle East - 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