Industry News

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

Views : 236
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 >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics