Oil prices surge as Houthi blockade impacts shipping routes
after close1 source ↓written by the desknot a recommendation
- on Thursday
- $100.65 a barrel
- increase
- 6.96%
Oil prices surged to $100.65 a barrel on Thursday, marking a 6.96% increase. Experts are closely monitoring which tankers Yemen’s Houthis will allow through the Red Sea, as this will significantly influence crude market trends. The blockade on Saudi shipments raises concerns over supply disruptions and potential price volatility. ⚡
Not investment advice. For informational purposes only.