💨 Abstract

Oil prices fell on Thursday due to the expected halt of Houthi militia attacks on ships in the Red Sea and strong U.S. retail sales data. The Houthi ceasefire in Gaza has reduced security concerns and allowed for the possibility of less expensive oil flows. However, investors remain cautious as the Houthi leader has stated they will continue attacks if the ceasefire is breached. The U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖