Oil prices rise on sustained Red Sea shipping tensions


OIL prices rose slightly in early Asian trade on Wednesday amid continued concerns around shipping disruptions in the Red Sea and escalating tension in the Middle East.

Brent crude rose 26 cents, or 0.4%, to $76.11 a barrel by 0004 GMT, while U.S. West Texas Intermediate crude futures rose 26 cents, or 0.3%, to $70.64.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Oil and gas , Brent , WTI , Opec , energy

Next In Business News

US weekly jobless claims decline as labor market remains stable
MIER: US-Iran conflict to impact business performance over the next two to three months
JCBNext trims stake in Taiwanese-listed 104 Corp
Auditors flag Rimbunan Sawit as liabilities exceeding assets
Ancom Nylex stays positive amid volatility on higher solvent prices
Ringgit rebounds vs US dollar ahead of 1Q GDP estimate tomorrow
Zetrix to manage Socso’s self-employment social security scheme
Solution Group redesignates Lim Yong Hew to executive chairman
Plenitude appoints Ng Yoon Thai as CEO
Green Packet inks MoU with Presma to transform Muslim F&B sector

Others Also Read