2023-12-28 13:42:05
WTI oil prices continue to fall. Recently dropped below the $73 level as investors relieved their concerns. After it was reported that cargo ships would begin sailing in the Red Sea once more.
At 8:32 p.m. Thai time, the price of West Texas crude oil (WTI) for delivery in February. minus $1.21 or 1.63% to $72.90/barrel.
Maersk is a major Danish shipping company. Announced that it would resume sailing in the Red Sea. This comes following the United States and more than 10 partner countries launched Operation Prosperity Guardian to protect shipping lanes in the Red Sea from Houthi attacks.
Markets will be keeping an eye on the U.S. Energy Information Administration’s (EIA) crude oil inventory release today following the American Petroleum Institute (API) said oil stocks rose 1.84 million barrels last week. Contrary to analysts who expected a decrease of 2.7 million barrels.
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