Yemen-based Houthi militants launched five anti-ship ballistic missiles in the Red Sea on 28 May, with three striking the Greek-owned and operated bulk carrier <i>Laax</i>, said US Central Command (Centcom).
Petroleum futures were lower Wednesday as gasoline and diesel contracts sold off after three days of modest gains. U.S. spot market gasoline prices were also lower, with declines outpacing.
Oil prices climbed in Asian
trade on Tuesday, extending gains from the previous session,
buoyed by expectations of strong fuel demand from the U.S.
during the summer, ahead of an output policy. -May 28, 2024 at 12:21 am EDT
- MarketScreener
Shafaq News / On Tuesday, Basrah crude oil increased with a rise in global oil prices.Basrah Heavy crude surged by $0.80 to $80.99, and Basrah Medium climbed by $0.80 to $83.94.Globally, oil prices cl