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Latest Oil Market News and Analysis for Dec. 26 - Bloomberg

Bloomberg · last updated

Latest Oil Market News and Analysis for Dec. 26 - Bloomberg

Oil Rises After Red Sea Ship Incidents Keep Tensions in Focus

- Container ship is attacked by Houthi rebels in the Red Sea
- West Texas Intermediate rose 2.7%, holding last week’s gain

Oil closed at three-week high as shipping disruptions in the Red Sea continued to a spate of Houthi attacks against vessels in the vital waterway.

West Texas Intermediate settled above $75 a barrel after rallying 3% last week, its biggest weekly advance since October.

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Oil Rises After Red Sea Ship Incidents Keep Tensions in Focus

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