Oil rises on fears Suez Canal blockage could last weeks

Expectations Opec+ will maintain supply cuts at 1 April meeting also provides support to prices

Stuck: there are concerns it could take weeks to dislodge the Ever Given cargo ship which is block the Suez Canal — Stuck: there are concerns it could take weeks to dislodge the Ever Given cargo ship which is block the Suez CanalPhoto: SUEZ CANAL AUTHORITY/AP/SCANPIX

Reuters

Published 26 March 2021, 06:57Updated 26 March 2021, 06:57

Satoru Yoshida Opec Opec+Nissan Securities Germany