Oil prices saw little change Tuesday, December 26, saw investors focusing on geopolitical tensions in the Middle East and optimism that the US federal government will soon start cutting interest rates, contributing to boosting global economic growth and fuel demand.
CNN analyst Leon Lee said. Mmm. Sea Market said that while hopes of interest rate cuts and conflict in the Red Sea have led to a rebound in crude oil prices, Maersk's announcement to restart shipping routes through the waterway has somewhat eased concerns about supplies.
Brent crude futures rose 10 cents or 0.1% to $ 79.17 a barrel by 09:30 GMT, while U.S. West Texas Intermediate (WTI) crude fell 25 cents or 0.3% to $ 73.31 a barrel, although trading volume was weak given some markets remain closed for the Christmas holiday.
