Crude oil futures rise after reports of separate ship attacks in West Asia
October Brent oil futures were at $89.69, up by 0.88%, and September crude oil futures on WTI (West Texas Intermediate) were at $83.99, up by 0.95%
Crude oil futures experienced a surge on Wednesday following reports of separate attacks on ships near West Asia. The Houthis carried out an attack on a ship in the Bab el-Mandeb Strait, while US forces intervened in the Strait of Hormuz. Brent oil futures opened at $89.69, up 0.88%, and WTI crude oil futures at $83.99, up 0.95%.
In the Indian market, August crude oil futures were at ₹8021 on MCX, up 1.02%, and September futures at ₹7911, up 0.85%. A Yemeni report quoted the Yemen Transport Ministry stating that four crew members were killed in the suspected Houthi attack. The US Central Command confirmed disabling the steering gear of a Panama-flagged vessel, the m.v.
Vela Nova, which had attempted to transit the Gulf of Oman and violate the US blockade against Iran. The ship is no longer violating the blockade.
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