Oil prices rose during Asian period trading on Wednesday after climbing more than 1% in yesterday's session down to levels of $74.40 a barrel thanks to fears of global trade disruption and geopolitical tension in the Red Sea specifically at the Bab al-Mandab Strait following Houthi attacks on ships bound for the Zionist entity.
The diversion of most of the bottom to the Cape of Good Hope route has raised fears of persistent disruptions in world trade.
