Oil prices fell on Monday as the cargo ship blocking the Suez Canal was partially refloated, raising hopes the vital waterway will soon be reopened.
Benchmark Brent crude fell as much as 2 percent earlier before recovering to trade on a flat note at $64.40 per barrel. WTI crude futures were down 0.4 percent at $60.72.
The stranded container ship was successfully re-floated at 4.30 a.m. local time and was being secured at the moment, Inchcape, a global provider of marine services, said on Twitter.
Ship-tracking service VesselFinder has changed the ship’s status to under way on its website.
The Ever Given, an enormous container ship almost the length of the Empire State Building, has been wedged since early last week in the canal. The authorities said they hoped the ship would soon be completely freed.
Almost 15 percent of world shipping goes through the Suez Canal, which cuts through Egypt from the Mediterranean to the Red Sea.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.