Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Jan 15, 2024, 7:00 PM CST Analysts: oil prices are likely to remain around current levels this year. OPEC+ producers now have sufficient spare […]
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Home Fossil Energy Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and
NEW YORK – Oil prices climbed Friday after US and UK forces launched strikes against Iran-backed Huthi rebels, while global stocks were mixed following the kickoff of corporate earnings season. Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive rebel attacks on Red Sea
Oil prices rise on Red Sea escalation Read More »
WTI Oil steady near $72, bouncing off a floor after Monday’s decline. US Secretary of State Anthony Blinken landed in Israel to outline measures to secure safe passage in the Red Sea. The DXY US Dollar Index holds above 102.00, with traders split between Goldilocks or geopolitical safe-haven scenarios. Oil trades near $72, after briefly
Oil sprints back to $73 with Russia complying to production cuts Read More »
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