bullish

Crude Oil

Energy Cable #51: Tensions Increasing Fast in the Red Sea

540 Views02 Jan 2024 03:53
SUMMARY
  • Happy New Year everybody and welcome to this year’s first edition of the Energy Cable.
  • Crude oil prices started rallying into and over the Christmas holiday period with focus on the Houthis’ attacks on vessels in the Red Sea which prompted us to have a look at the numbers.
  • The developments over the weekend have increased tensions, and we are eagerly awaiting the initial price action of the year to see how nervous the market is.
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