Oil Edges Lower; Likely to Stay High Due to Geopolitical Uncertainties, Supply Cuts

Oil Edges Lower; Likely to Stay High Due to Geopolitical Uncertainties, Supply Cuts

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0238 GMT — Oil prices edge lower in early Asian trade after rising overnight. However, oil prices would likely remain at high levels due to geopolitical uncertainties and OPEC+ supply cuts. The attack on a container ship in the Red Sea by Yemen’s Iran-backed Houthi militia escalates tensions in…

#redsea #yemen #iran #houthimilitia #middleeast #xinhufutures #liliyan #frontmonth #brent

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