An-Najah News - Oil fell more than two percent, today, Monday, after the stucked ship in the Suez Canal refloated, which had been blocking the vital global trade waterway for nearly a week.

Brent crude fell $ 1.38, or 2.1 percent, to $ 63.19 a barrel by 05:11 GMT. US crude fell $ 1.48, or 2.4 percent, to $ 59.49 a barrel.

Hundreds of other container ships, bulk cargo ships and tankers loaded with oil are still piled on either side of the canal, but the movement of the ship pushed oil prices down immediately, after it was trading slightly lower this morning.