Oil traders are, for now, looking past rising tensions in the Red Sea. But there is "clear and present danger" of a wider conflict involving Iran, a top Wall.
Oil futures ended slightly lower Friday on the final trading day of 2023, capping crude's first losing year since 2020 as concerns about the demand outlook.
Oil futures were higher on Tuesday in holiday-thinned trading as U.S. traders returned from the Christmas holiday and continued to weigh the potential for.