Shipping company Maersk (MAERSK-A.CO, MAERSK-B.CO) has suspended shipping in Red Sea until further notice due to a recent attack from Houthi rebels. As a result, oil prices (CL=F, BZ=F) spiked more than 2% Tuesday morning, but fell back down as the morning continued. Yahoo Finance Reporter Ines Ferré joins the Live show to break down the latest development with ongoing conflicts and its impact on oil prices.
#oil #stockmarket #youtube
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#oil #stockmarket #youtube
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance