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Oil price falls on expected halt to Houthi shipping attacks

Summary by mettisglobal.news
January 17, 2025 (MLN): Oil prices settled lower with Yemen's Houthi militia expected to halt attacks on ships in the Red Sea, and investors weighing strong U.S. retail sales data.  Brent crude futures increased by $0.30, or 0.37%, to $81.59 per barrel. West Texas Intermediate (WTI) crude futures fell by $0.37, or 0.47%, to $ per 78.31 barrel by [4:20 pm] PST.  U.S. crude futures fell more than $2 at times during the session, as Reuters reported…
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