Recently, Yemen-based Houthi militants attacked commercial shipping vessels traveling through the Suez Canal and the Red Sea, in response to the ongoing war between Israel and Hamas. Over 10% of world trade happens through that region, including oil shipments (CL=F, BZ=F).
Yahoo Finance’s Ines Ferré joins the Live show to discuss the current situation as well as how it is currently affecting oil prices.
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#oil #redsea #yahoofinance
37 Comments
No taxation without representation…… I’m adding zelensky as a dependent on my tax returns.
Corporate petroleum executives use any and all excuses to raise prices. Let's hope it doesn't rain!
Just wait until Iran shuts down the Strait of Hormuz, that's when oil prices will really skyrocket.
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wow, thanks Biden, says every republican.
No reason for this up tick in oil & gas ! America has plenty & highest prices 50 states !
They’ve wanted an excuse to do this and just wonder how far the reach is for the attacks
"Oil prices tick up over Red Sea attacks and disruptions." I thought it was Joe Biden's fault. Saudi Arabia wants the price higher. We may have just made a seasonal low.
Oil prices tick up due to the fact that America does not produce it anymore due to the Biden Coconut Crime Family Regime. Get it right Yahoo😂
In today's news the sun came up this morning prompting oil companies to raise oil prices.
awfully convenient that they HAVE to raise prices for Christmas travel. That's not suspicious at all!
Oh no mow you have to get an EV
Guys! I’ve just learnt something new I wanted to share, it seems the pockets of NATO countries are directly connected to their hearts!
Too bad we don't have our own oil here in the United states, we were almost there under President Trump! Biden shut it all down on day one!
I see oil is more important than Palestinian children
Of course
That was the plan.
No problem. We will now buy our oil from Iran.
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Bidenomics
Doubtful. Our issue is the refineries lost during Trump's presidency.
Wouldn’t be a problem for us if could obtain energy independence. Oh ya we had energy independence.
Very informative. Unfortunately technology works for both good and bad and in these attacks on oil ships it's being used for bad. Hopefully this will get corrected soon.
And this is why we need to move away from Oil. The world's a volatile place. A disagreement or local conflict shouldn't crippled prices around the world. Oil is a finite resource anyway, if we research better ways to store electricity and create more efficient devices for the creation and use, then the oil issues would have a much, much less impact.
who called it as soon as the ship was in the water. my local gas prices went down dramatically in the last 10 days and I was waiting for what (this) they were going to do.
Ahhh, explains why it went up .50 cents over night….. sure
So happy for the oil companies, they have their excuse now. I’m sure they can find a way to blame it on Biden again.
I new it the other day when i heard it and the holidays
This should read the oil industry raises prices because they are going to lose money instead of taking a loss for their shareholder let's call it what it is and not sugar coat it.
Amazing how quickly Iran was able to use the six billion Biden gave em and mobilize their terrorists proxies! Can anyone name anything good for Americans that has happened in the last three years? Seems like we have had one major catastrophy after another since Biden took over!
Just another excuse to raise prices. I wouldn’t be surprised if the whole story wasn’t just a fabrication.
No ship has sunk. Outlaw electronic trading for speculators. They can use the us mail, no electronic signs at gas stations , if they have to climb a 16 foot ladder to change prices , prices will stabilize
Israel 's fault
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Of course they did!!!
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