US crude oil futures settle at $72.02 ...Middle East

The sawtooth up-and-down price action in crude oil continued today with a gain of $0.65 or 0.91%. The price settled at $72.02.The high-priced today reached $73.81. The low price was at $71.17.The earlier rise came as geopolitical worries escalated after Iran seized an oil tanker in the Red Sea. Anxiety continues in the key shipping zone as Iranian-backed Houthis continue their terrorism in the shipping lanes. After the price extended toward the highs from Wednesday at $73.59, sellers started to stick their toe in the water and a dip back lower started. The ups and downs continue as geopolitical concerns, global demand slowing, US production, and production pullbacks from OPEC+ push and pul

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Last updated : 11 January 2024 clock 11:01 PM

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US crude oil futures settle at $72.02 ...Middle East

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