Situation in the Gulf

The US and Britain attacked the Houthi military facilities in Yemen. The market is worried that the situation in the Middle East is even more tense. Many oil tankers have avoided the Red Sea detour through Africa, supply may become scarce, and international oil prices will rise.

New York oil futures rose to 75.25 US dollars per barrel on Friday, a new high of 4.48%; the closing market rose 66 cents, or 0.92%, to 72.68 US dollars per barrel, with a cumulative decrease of 1.53% this week.