News

Latest Oil Prices, Market News and Analysis for December 19 - Bloomberg

Bloomberg · last updated

Latest Oil Prices, Market News and Analysis for December 19 - Bloomberg

Oil Hold Gains as Red Sea Attacks Cause Panic Among Shippers

- Brent crude trades above $78 after closing at two-week high
- More companies shun key route for goods from oil to containers

Oil traded near its highest close in more than two weeks as more companies shun the Red Sea after a spike in vessel attacks along the key shipping conduit.

Global benchmark Brent traded above $78 a barrel, after rising 1.8% Monday to its highest close since Dec. 1. West Texas Intermediate held above $72 a barrel. Prices surged on Monday after BP Plc said it would pause all shipments through the waterway and Equinor ASA said it’s diverting vessels away.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

Up Next

Oil Hold Gains as Red Sea Attacks Cause Panic Among Shippers

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up