Oil prices dip as shipping giants gear up for Red Sea route

Crude oil prices came down on Thursday as global shipping giants gear up to resume traversing the Red Sea despite an ongoing Houthi missile barrage. As of 1210 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $0.90 (-1.13 percent) to reach $78.75 a barrel. The West Texas Intermediate (WTI), the main oil benchmark for North America, went down by $0.83…