Oil futures tally a third straight gain on Red Sea shipping disruptions

Oil futures tallied a third straight climb on Wednesday, buoyed by tensions in the Red Sea that have led to disruptions to global trade.

Meanwhile, data from the U.S. government revealed weekly increases for domestic crude and petroleum-product supplies.

Price action

Red Sea shipping woes

Several shippers have suspended shipments…

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Oil futures tally a third straight gain on Red Sea shipping disruptions

Price action