Both main oil contracts tumble more than 1% after salvage teams free cargo vessel; Asian markets follow Wall Street record as part of strong global rebound

Maritime traffic tracking sites say stern of the boat has moved away from the canal's western bank; unclear when channel will reopen

More than 360 vessels are stuck in the Mediterranean since giant container ship MV Ever Given became wedged diagonally across canal

Announcement dashes hopes the vital canal could be clear by the end of the weekend; crisis estimated to cost global trade some $6-$10 billion per day

Key waterway has previously been shuttered by military conflicts involving Egypt and Israel, including for years after 1967 Six Day War

2 more tugboats speed toward key waterway ahead of freshly attempts to refloat the Ever Given, which has clogged canal for days

Since blockage began, a maritime traffic jam has grown to more than 320 vessels waiting on both ends of the canal

Osama Rabie says massive cargo ship could be refloated by Sunday night, as over 300 vessels wait to traverse blocked waterway, crippling global supply chains

After dislodge efforts fail, attempt will be made to refloat vessel by taking advantage of tidal movements; at least 20 ships carrying livestock held up

Dislodging vessel delaying billions in trade could take weeks; at least 20 ships carrying livestock held up, raising fears for animals' safety; expert doubts wind caused accident