Oil news and market movers: Houthi rebels at it again
- Houthi rebels have sunk a Greek freight ship in the Red Sea by using an unmanned drone missile on Wednesday, Reuters reported.
- For a fourth straight month, China has imported nearly 284,000 tons of Venezuelan crude Oil despite implied US embargoes, Boomberg reports.
- At 15:00 GMT, the US stockpile change for the week ending June 14 from the Energy Information Administration (EIA) will be published. The previous release was a build of 3.73 million barrels, with a drawdown of 2 million expected for this week.
- Tropical storm Alberto is nearing the West Gulf Coast and could cause brief Crude supply disruptions out of the region on the back of it.
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