Texas Oil Rises 4.2 Percent, up to $104, After Intensified War on the Red Sea
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News of the Day and the Hour Latest News of the day West Texas Intermediate Oil (WTI) closed this Monday with an increase of 1.34%, up to 101.39 dollars per barrel, as the war intensified in... The news Texas Oil closes at 101.39 dollars after the intensification of the war on the Red Sea was first published in News of the Day and the Hour Latest News of the day
Texas Intermediate Oil (WTI) closed this Monday at US$101.39 per barrel, one of the highest levels since May, driven by the intensification of conflict in the Red Sea and the increasing risk for global transportation of crude oil.
Texas intermediate oil (WTI) rose 4.23% this Monday, up to $104.28 a barrel, as the war intensified in the Red Sea after the Houthi rebels of Yemen took control of the Bab al Mandeb Strait, key maritime route after the blockade of the Strait of Ormuz.At 09:00 local time (13.00 GMT), the WTI futures contracts for the month of October, those of reference in the United States, amounted to 4.23 dollars compared to the previous closure.The geopolitic…
The Houthis are advancing towards the Red Sea in S. Arabia as the war pushes the price of oil to $110. #StarGrNews
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