Oil futures were modestly higher Monday, finding support after the U.S. over the weekend launched U.S. strikes on Houthi rebels in Yemen.President Donald Trump on Saturday said he ordered strikes on Houthi rebels after the Iran-backed group had said it would resume attacks on ships in the Red Sea and nearby waters. The leader of the Houthis said Sunday night the group would “confront escalation with escalation.” Brent and WTI later trimmed gains on prospects for a resolution of the Russia-Ukraine war, which could allow more Russian energy supplies to return to the market.Trump and President Vladimir Putin of Russia are expected to speak this week as the U.S. tries to broker a cease-fire, do you think that the rise in oil pricess will continue to raise as Houthis plan retaliatory attacks ?
Previous Article
Europe future military rotorcraft needsNext Article
WinWinX’s transformative financial solutions