Wednesday, 10 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil prices rise as US vows to keep attacking Houthis
Monday, 17 March 2025 11:06 WIB | OIL |brent oilOil,

Oil prices traded higher on Monday after the United States vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping.

Brent futures rose 41 cents or 0.6%, to stand at $70.99 a barrel by 0336 GMT, while U.S. West Texas Intermediate crude futures rose 40 cents, or 0.6%, to $67.58 a barrel.

The U.S. airstrikes, which the Houthi-run health ministry said killed at least 53 people, are the biggest U.S. military operation in the Middle East since President Donald Trump took office in January.

One U.S. official told Reuters the campaign might run for weeks.

Houthi attacks on shipping in the Red Sea have disrupted global commerce and set off a costly campaign by the U.S. military to intercept missiles and drones.

Oil prices rose slightly last week, snapping a three-week losing streak fed by concern over a global economic slowdown driven by escalating trade tension between the U.S. and other nations.

Both benchmarks pared some gains after rising more than 1% in early Asian trade as China reported a mixed start to the year. Industrial output slowed in January-February, while retail sales growth accelerated slightly, government data showed on Monday.

The state council, or cabinet, unveiled what it called a "special action plan" on Sunday in a bid to boost domestic consumption and economic recovery amid a burst of U.S. trade tariffs against China, among key trading partners.

That effort has threatened to upset the global trade order.

Analysts at Goldman Sachs cut oil price forecasts, saying they expected the U.S. economy to grow slower than expected, due to the tariffs imposed on countries such as Canada, China and Mexico.

Source: Inveting.com

RELATED NEWS
Oil Climbs as Traders Weigh Trump's Tariff Threats, Doha Strike ...
Wednesday, 10 September 2025 06:47 WIB

Oil rose for a third session after President Donald Trump told European Union officials he's willing to slap new tariffs on India and China in an effort to get Russia to negotiate with ...

Oil Futures Rise on Geopolitical Risk Premium ...
Wednesday, 10 September 2025 02:49 WIB

Crude futures recover more of last week's losses as continued fighting between Russia and Ukraine keep alive expectations of greater U.S. sanctions and supply disruptions. An Israeli air strike targe...

Oil Advances as Israel's Strike in Qatar Revives Risk Premium...
Tuesday, 9 September 2025 21:51 WIB

Oil jumped after an Israeli attack in Qatar escalated the conflict in the Middle East, the source of about a third of the world's supplies, increasing the geopolitical risk premium for crude. We...

Oil Prices Rise On Modest OPEC+ Production Hike And Russian Supply Concerns ...
Tuesday, 9 September 2025 19:16 WIB

Oil prices continued their rally on Tuesday (September 9), driven by the latest smaller-than-anticipated increase in OPEC+ oil production, expectations that China will continue to hoard oil, and conce...

Oil Prices Rise On Modest OPEC+ Production Hike And Russian Supply Concerns ...
Tuesday, 9 September 2025 16:25 WIB

Oil prices continued their rally on Tuesday (September 9), driven by the latest smaller-than-anticipated increase in OPEC+ oil production, expectations that China will continue to hoard oil, and conce...

LATEST NEWS
Trump urges EU to target China, India with tariffs to pressure Putin

U.S. President Donald Trump has urged European Union officials to levy tariffs of up to 100% on China and India as part of a strategy to pressure Russian President Vladimir Putin, Reuters reported on Tuesday, citing a U.S. official and an EU...

Gold Steady, Market Awaits US Data & Geopolitics

Gold prices are currently stable, hovering slightly below their record high. The precious metal is trading near $3,623 per ounce, after previously touching over $3,674 on Tuesday. Gold's movement was influenced by US employment data, which was...

Japanese Stocks Advance on Economic Stimulus, Fed Cut Hopes

Japanese shares rose on expectations of expansionary fiscal policies even as the country's ruling party is set to hold a leadership contest and find a replacement for outgoing Prime Minister Shigeru Ishiba.  Sentiment was also...

POPULAR NEWS
Will Nonfarm Payrolls revisions hint at a 50 bps Fed cut next week
Tuesday, 9 September 2025 04:05 WIB

The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...

Russian Forces Attack Power Plant In Kyiv Region, Ukraine's Energy Ministry Says
Monday, 8 September 2025 17:12 WIB

Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...

United States Stock Market Rise Ahead Inflation data
Tuesday, 9 September 2025 03:36 WIB

Wall Street kicked off the week with gains on Monday as investors positioned ahead of a data-heavy week that includes two key inflation reports...

European shares end higher amid all eyes on French no-confidence vote
Tuesday, 9 September 2025 01:52 WIB

European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the...