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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Brent dropped below $81 after reaching December highs

December, 27 2023
watermark Economic news

Oil prices are slightly declining after reaching December highs in yesterday's trading session. Investors continue to monitor events in the Red Sea, which has an impact on prices.


The current price of Brent oil is $80.75 per barrel, yesterday's maximum was marked at $81.40 per barrel. North American crude is trading near $75.40 after rising to $76.10 in the previous session. 


The Red Sea remains in the spotlight due to the actions of the Houthis from Yemen. On Tuesday, they attacked the MSC United cargo ship after the crew ignored the warning signals of their missile attacks. Explosions and rocket launches were also seen on Tuesday near the port of Hodeidah. 


Earlier, the Danish company A.P. Moeller-Maersk AS announced that it plans to resume transportation in the Red Sea after the implementation of an international mission to ensure the safety of ships. These events affect the situation in the region and may affect oil prices.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.