The Latest News Regarding Crude Oil Futures. Posted By https://www.bullionsignals.com/. C/w:-6396479818

Oil little changed, investors eye Red Sea attacks.

Oil prices were little changed on Tuesday as investors eyed the impact on oil supply after attacks by Yemen’s Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.

Brent crude futures rose 6 cents to $78.01 a barrel at 0726 GMT. The front-month U.S. West Texas Intermediate crude futures contract, which expires on Tuesday, fell 18 cents to $72.29 a barrel. The more active second-month contract dropped 10 cents, or 0.1%, to $72.72.

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