Industry News

Crude oil price to rebound due to Dubai’s Jebel Ali port fire accident

Views : 207
Update time : 2021-07-08 18:04:06
On July 7th happened in Jebel Ali Port from the market, there’s a fire accident , which is the main commercial hub in Dubai, the United Arab Emirates.

The fire accident happened on a container ship’s explosion, which also caused huge tremors across the whole neighborhoods within around 25 kilometers.

The accident did influence the crude oil price, which caused the crude oil price on the West Texas Intermediate to rebound by over 0.5% intraday.
Related News
Read More >>
Asia’s HRC prices rising slowly Asia’s HRC prices rising slowly
Jan .22.2025
Asia’s HRC prices rising slowly
China’s record high ferronickel imports not to impact stainless steel prices China’s record high ferronickel imports not to impact stainless steel prices
Jan .22.2025
China’s record high ferronickel imports not to impact stainless steel prices
European Commission supports transition of steel and coal industries European Commission supports transition of steel and coal industries
Jan .22.2025
European Commission supports transition of steel and coal industries
ArcelorMittal Kryvyi Rih faces challenges in 2024, including energy shortages and rising costs ArcelorMittal Kryvyi Rih faces challenges in 2024, including energy shortages and rising costs
Jan .22.2025
ArcelorMittal Kryvyi Rih faces challenges in 2024, including energy shortages and rising costs