LONOD—Oil rose on Monday as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions and Russia’s plan to lower exports in December provided additional support.
Shipping firms, including the world’s biggest container shipping line MSC and A.P. Moller-Maersk, said over the weekend that they would avoid the Suez Canal as Houthi gunmen in Yemen stepped up their assaults on commercial vessels in the Red Sea.
