💨 Abstract

Oil prices dropped on Thursday, influenced by an anticipated halt in attacks by Yemen's Houthi militia on ships in the Red Sea and strong U.S. retail data that reinforced the Federal Reserve's cautious stance on interest rate cuts. The Houthi attacks have been disrupting global shipping for over a year, forcing rerouting to costlier journeys. In the meantime, U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖