Oil prices edge lower after hitting month’s high

Crude oil prices edged lower on Wednesday after rising more than 2 percent on Tuesday to their highest level this month, as continuing attacks on ships in the Red Sea led to concerns of disruptions.

As of 1250 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $0.45 (-0.56 percent) to reach $80.62 a barrel. The West Texas Intermediate (WTI), the main oil…