Oil Market Takes Bearish Turn: Red Sea Attacks Escalate as OPEC+ Boosts Supply

The price of crude oil has shifted to bearish territory in light of softening demand, increased supply and evolving geopolitical risks.  Despite a brief lull following a ceasefire between the US and the Houthis, Yemen's Houthi rebels have resumed attacking ships in the Red Sea. A recent incident…

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Oil Prices Remain Stable Amidst Middle East Volatility

Despite ongoing tensions in the Middle East, crude oil prices have remained remarkably steady. As of 09:53 GMT, WTI was priced at $65.23 and Brent at $67.02. Liquefied natural gas (LNG) was at $3.45. Contrary to some analysts' and investment bankers' predictions of soaring oil prices, this d…

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