Oil prices slipped on Wednesday, eating into the previous day’s gains as investors monitored developments in the Red Sea, where shippers are returning despite further attacks on Tuesday.
Brent crude futures were down 54 cents, or 0.6%, at $80.53 a barrel by 1445 GMT. U.S. West Texas Intermediate crude fell 65 cents, or 0.8%, to $74.92.
Danish shipping company Maersk said it has scheduled several dozen container vessels to travel via the Suez Canal and Red Sea in the coming weeks after calling a temporary halt to those routes this month after attacks by Yemen’s Iran-backed Houthi militia.
