- Latest strikes occur as attacks on Red Sea shipping persist
- US benchmark WTI trades near $75 a barrel after rising Monday
Oil held gains after the US and UK made a fresh round of strikes against Iran-backed Houthi rebels in Yemen, fanning tensions in the Middle East and offsetting concerns global supplies remain ample.
US benchmark West Texas Intermediate traded near $75 a barrel after rallying by more than 2% on Monday, while Brent was just above $80. US and UK forces launched their latest attacks against eight Houthi targets in an effort to prevent the group from attacking commercial vessels in the Red Sea.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.