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Shipping giant Maersk resumed operations in the Red Sea after a recent pause while Hapag-Lloyd will continue using a longer shipping route for at least a few more days.
Offshore driller Seadrill has been boosted by news of a new $1.1 bln contract with Petrobras.The market continues to weigh geopolitical worries after Israel reportedly pledged to continue fighting until Hamas is defeated.
Houthi rebels attacked a MSC United VIII container ship on Tuesday, according to BloombergWTI crude oil futures are down after bouncing yesterday.
Crude Oil Futures 74.93 -0.64 -0.85%
Brent Crude Futures 80.31 -0.54 -0.67%
Unleaded Gasoline Futures 2.1825 0.0101 0.46%Natural Gas Futures 2.671 0.121 4.75%
Bloomberg Commodity Index 100.19 0.28 0.28%
Despite all the fear and gloom and geopolitical tinderboxes burning in the Middle East and Russia Crude oil closed 2023 down over 10% lower for its fi
[See the full post at: Around The Barrel – Crude Oil and Gasoline Traders Outlook for 2024]
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