{"id":20309,"date":"2025-12-02T08:29:38","date_gmt":"2025-12-02T06:29:38","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/oil-prices-steady-on-worries-about-geopolitical-risks-to-supply\/"},"modified":"2026-02-27T16:31:39","modified_gmt":"2026-02-27T14:31:39","slug":"oil-prices-steady-on-worries-about-geopolitical-risks-to-supply","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-prices-steady-on-worries-about-geopolitical-risks-to-supply\/","title":{"rendered":"Oil prices steady on worries about geopolitical risks to supply"},"content":{"rendered":"<div class=\"x_elementToProof\">Oil prices held firm on Tuesday as traders weighed up risks from Ukrainian drone strikes on Russian energy sites, mounting United States (US)-Venezuela tension and mixed expectations for US fuel inventories.<\/div>\n<div><\/div>\n<div class=\"x_elementToProof\">Brent crude futures rose 7 cents, or 0.1%, to $63.24 a barrel. US West Texas Intermediate (WTI) crude gained 13 cents, or 0.2%, to stand at $59.45 a barrel.<\/div>\n<div><\/div>\n<div class=\"x_elementToProof\">Both benchmarks advanced more than 1% on Monday, while WTI was near a two-week high.<\/div>\n<div><\/div>\n<div class=\"x_elementToProof\">&#8220;Oil held gains as traders awaited President Trump&#8217;s moves on Venezuela and assessed Black Sea terminal damage,&#8221; Saxo analysts said in a note to clients.<\/div>\n<div><\/div>\n<div class=\"x_elementToProof\">On Monday, the Caspian Pipeline Consortium said it had resumed oil shipments from one mooring point at its Black Sea terminal following a major Ukrainian drone attack on November 29.<\/div>\n<div><\/div>\n<div class=\"x_elementToProof\">&#8211;Reuters&#8211;<\/div>\n<div class=\"x_elementToProof\" dir=\"ltr\"><\/div>\n","protected":false},"featured_media":14054,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-20309","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Oil prices held firm on Tuesday as traders weighed up risks","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20309\/revisions"}],"predecessor-version":[{"id":24393,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/20309\/revisions\/24393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14054"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=20309"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=20309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}