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Oil prices extend pullback as Red Sea worries fade

Por: MarketWatch Business December 28, 2023

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The U.S. last week announced the formation of a naval alliance to thwart the attacks, which had raised concerns about potential disruptions to oil shipments from the Middle East. “Oil prices fell as global shipping giants prepared to resume navigation through the Red Sea despite ongoing missile attacks from Houthi rebels,” Stephen Innes, managing partner at SPI Asset Management, said in a note. “The decision to resume operations reflects a... + full article



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