LONDON—Oil prices rose more than 2 percent in the first session of the New Year, boosted by potential disruption to Middle East supply after the latest attack on a container ship in the Red Sea and by Chinese demand hopes.
Brent crude rose $1.72, or 2.2 percent, to $78.76 a barrel by 1115 GMT. U.S. West Texas Intermediate crude was up $1.57, or 2.2 percent, at $73.22.
