"Oil Market Fluctuates Amid Red Sea Tensions and Shale Supply Stability"

Oil prices have increased by nearly 2% due to concerns over supply disruptions following U.S. retaliation against Houthi attacks in the Red Sea. Brent Crude and West Texas Intermediate crude both saw rises in their prices. The conflict poses a threat to oil supply as it could lead to a wider regional conflict and disrupt key shipping lanes. Shipping companies like Maersk have paused voyages in the region due to the increased risk of attacks. The situation is compounded by expectations of strong holiday demand and potential economic stimulus in China, which could further affect oil prices.