Oil Prices Rise as Red Sea Attacks Threaten Flows

摘要

Oil futures rallied on Monday as market focus turned to attacks on ships in the Red Sea and their impacts on crude fl ows. In London, Brent crude for February loading rose $1.40, settling at $77.95 per barrel. In New York, January West Texas Intermediate (WTI) on Nymex closed $1.04 higher at $72.47/bbl, while the February contract alsoclimbed $1.04 to end the session at $72.82/bbl.