Russia and Houthi terrorists confluence drive up the price of oil ...Middle East

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Russia and Houthi terrorists confluence drive up the price of oil
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On Monday I posted on Russia's plans to further restrict oil exports:Russia's Novak says considering additional oil export cuts of about 50,000 bpd in DecemberAdam posted on Monday in US time on the disruption to trade, including oil shipments, due to Middle East escalation:BP has paused all tanker transits through the Red Sea In addition to BP's announcement, shipping giants MSC, Hapag-Lloyd, CMA CGM and Maersk all announced a suspension of travel through the Red Sea Put it all together and oil traded higher on the day: This article was written by Eamonn Sheridan at www.forexlive.com.

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