COMMODITIES

The oil futures contracts dropped on the reports that the container ship stranded in the Suez Canal had refloated. It will allow the flow of more than 400 detained vessels

The price of crude oil is finding support from the blockage in the Suez Canal. WTI futures closed Friday’s session at $60.80. This marked an increase of 4.01%. However, Brent futures

A projectile hit a Saudi oil terminal and caused a fire, the Saudi Ministry of Energy announced on Friday. The ministry explained that the firing of a projectile against the

The Suez canal is one of the busiest waterways globally, and this fact once more underlines its importance. It is worth noting that, oil prices which rebounded on March 24, fell again