Oil Prices Jump on Disruption Fears After Latest Red Sea Attack

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. A Reuters survey of economists and analysts predicted that Brent crude would average $82.56 a barrel this year, up slightly from the 2023 average of $82.17, with weak global growth expected to cap demand. Geopolitical tensions, however, could provide price support. U.S. helicopters on Sunday repelled an attack by Iran-backed Houthi…