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
source : OILPRICE ( Middle East ) () 71
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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