Oil Prices Gain Ahead Of Christmas

Brent crude hovers near $80 per barrel amid low-volume trading before Christmas. Traders are set to begin the new year amid heightened geopolitical risk in the Middle East. Friday, December 22, 2023 Trading liquidity has evaporated with Christmas being just around the corner and Angola’s sudden parting ways with OPEC failed to swing oil prices in any direction. With Red Sea diversions becoming the new trend in international shipping, ICE Brent has remained around $80 per barrel whilst WTI moved up to $75 per barrel, marking the second straight…