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Oil Prices Rise amid Concerns about Red Sea Attacks on Shipping

Oil prices on Tuesday built on gains made a day earlier amid attacks on shipping in the Red Sea that have exacerbated supply worries. Brent crude futures rose 36 cents, or 0.44%, to $82.89 a barrel by 0745 GMT, while US West Texas Intermediate crude futures (WTI) were up 31 cents, or 0.40%, to $77.89 a barrel, Reuters said. "Concerns around shipping disruptions in the Red Sea have supported a rebound in the price of crude oil overnight, offsetting a more hawkish Fed currently weighing on th...
Israel General Red Sea Djibouti General United States New South Wales Torm Thor
Source: aawsat.com

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