Skip to content 
by On Tuesday, WTI crude futures went up. They were close to $74 per barrel. This was the biggest weekly increase in more than two months. But people are not expected to trade a lot because of holidays. Investors kept an eye on what was happening in the Middle East. Recent attacks by Houthis on ships disrupted trade around the world. Denmark’s Maersk said it was getting ready to start operations again on the Red Sea and the Gulf of Aden. A task force was set up to protect commercial ships in the area. In other news, OPEC countries quickly said they were still committed to their output policy. This was after Angola left the group on Friday because of disagreements over quotas.
On the demand side, US inflation is slowing down. This makes people think that the Federal Reserve will start to cut interest rates next year. This is good for global growth and the demand for energy.
About The Author
