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32-G, Jalan Puteri 5/16,
Bandar Puteri Puchong,
47100 Puchong,
Selangor, Malaysia.
32-G, Jalan Puteri 5/16,
Bandar Puteri Puchong,
47100 Puchong,
Selangor, Malaysia.
Oil prices rise as Red Sea attacks disrupt supply chains
19 Dec 2023
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Oil prices climbed on Tuesday due to Houthi attacks in the Red Sea, disrupting maritime trade and leading to vessel reroutes. Brent crude rose 0.27% to $78.16, while WTI crude increased to $72.50. Monday's 1% gains were fueled by concerns about Red Sea diversions. BP and Frontline temporarily halted transits, impacting around 15% of global shipping. Geopolitical tensions and supply disruptions may bring oil market volatility.
Original Article: Oil prices rise as Red Sea attacks disrupt supply chains
Original Article: Oil prices rise as Red Sea attacks disrupt supply chains