Home » Business » Oil Prices Reach $78.76 per Barrel for Brent Crude Futures: US Navy Reports Safe Passage for 1,500 Ships

Oil Prices Reach $78.76 per Barrel for Brent Crude Futures: US Navy Reports Safe Passage for 1,500 Ships

Written by – Marwa Al-Ghoul Saturday, January 6, 2024 02:08 PM Recorded Oil prices $78.76 per barrel for Brent crude futures, and US West Texas Intermediate crude futures recorded $78.81 per barrel upon settlement on Friday, as prices achieved weekly gains.

US Treasury Secretary Janet Yellen said that we do not see any tangible impact on energy prices from shipping disruptions in the Red Sea, according to Cairo News Channel.

The US Navy announced that 1,500 commercial ships have safely crossed the waters of the Red Sea since the start of the “Prosperity Guardian,” an alliance that was formed weeks ago to deter the Houthi group from attacking commercial ships.

2024-01-06 12:08:00
#Oil #prices #record #Brent #crude #Youm7

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