Oil Prices Jump as Ukraine Hits One of Russia’s Biggest Export Hubs ...Middle East

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Oil Prices Jump as Ukraine Hits One of Russia’s Biggest Export Hubs
Oil prices climbed in early Asian trade on Friday as markets responded to renewed attacks by Ukraine against energy infrastructure in Russia. A Ukrainian drone attack on the Russian Black Sea port of Novorossiysk, one of the country’s most important oil export hubs, triggered renewed fears of supply disruptions in what has been a very bearish market of late. At the time of writing, WTI had risen 1.52% to $59.58 while Brent was trading at $63.88. The attacks damaged a ship, nearby apartment buildings, and an oil depot, injuring three crew…

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