💨 Abstract

Oil prices rose on Monday due to increased attacks by the Houthis on shipping in the Red Sea and positive Chinese economic data suggesting higher demand. The U.S. launched military strikes against the Houthis over their attacks on shipping, with the campaign potentially lasting weeks. Chinese economic data showed a quickening of retail sales growth, but unemployment and factory output still eased. The Red Sea port city of Hodeidah and the Al Jawf governorate were targeted by the Houthis.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖