Oil sinks as Suez Canal container ship successfully refloated ...News

Russia Today - Economy
Oil sinks as Suez Canal container ship successfully refloated
source : Russia Today ( News ) () 8
The price of crude oil slumped more than 2% on Monday following news from the Suez Canal that salvage crews have managed to move the giant container ship that has been blocking the vital global trade passage for nearly a week. International benchmark Brent fell 2.1% to $63.19 a barrel while US West Texas Intermediate dropped 2.4% to $59.49 per barrel.  The stranded ‘Ever Given’ ship was successfully refloated on March 29 and was being secured, a global provider of marine services, Inchcape Shipping, said on Twitter. The breakthrough came after intensive efforts that saw 10 tugboats work to push and pull the ship as several dredgers vac

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