Oil prices stabilise as Red Sea transport disruptions ease
Media reports said that Brent crude futures inched up 10 cents, or 0.1 per cent, to $79.75 a barrel by 0424 GMT, while U.S. WTI crude futures were trading 5 cents lower at $74.06 a barrel.
It said that prices dropped nearly 2 per cent on Wednesday as major shipping firms began returning to the Red Sea. (Image credit: Reuters)