S&P GCI

Crude oil futures surge to six-session high amid rising tensions in Middle East: S&P GCI

Crude oil futures reached a six-session high on January 5, driven by escalating tensions in the Middle East, leading to concerns about potential long-term disruptions to Red Sea vessel traffic.According to S&P Global Commodity Insights (GCI), the decision by A.P. Moller-Maersk, one of the world's largest shipping lines, to divert...