Brent crude futures rose 2.0% to US$79.00 a barrel.
✅ Receive news from Brazil 247 and TV 247 Brazil Channel 247 And on Society 247 On WhatsApp.
247 – Oil prices rose significantly after the United States and the United Kingdom launched air and sea strikes against Houthi military targets in Yemen in retaliation for the group's attacks on ships in the Red Sea. The escalation of conflict in the region has had a direct impact on Asian markets Reuters reported.
Brent crude futures were up 2.0% at $79.00 a barrel, while Texas crude (WTI) was up 2.1% at $73.55. However, the news had a limited initial response in the markets as investors adopted a wait-and-see approach to assess developments in the situation.
Continues after commercial
The intensity of the conflict kept investors cautious, reflected in the performance of Asian shares, which showed a slight increase of 0.1%. The broader Asia-Pacific index excluding Japan edged up temporarily, but is on track for a weekly decline of 0.7%.
Subscribe to 247, Pix support, Subscribe to TV 247in the channel Cuts 247 And see:
“Internet evangelist. Writer. Hardcore alcoholaholic. Tv lover. Extreme reader. Coffee junkie. Falls down a lot.”
More Stories
Reality TV stars charged in UK crackdown on “fininfluencers” activities
PF has new pictures of illegal Bolsonaro jewelry sold in the US
The US is close to enacting a tougher data privacy law