Russia and Houthi terrorists confluence drive up the price of oil

  • Russia contemplates additional oil export cuts amid escalating tensions in the Middle East

On Monday I posted on Russia's plans to further restrict oil exports:

Adam posted on Monday in US time on the disruption to trade, including oil shipments, due to Middle East escalation:

In addition to BP's announcement, shipping giants MSC, Hapag-Lloyd, CMA CGM and Maersk all announced a suspension of travel through the Red Sea

Put it all together and oil traded higher on the day:

oil bp russia middle east 19 December 2023

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