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Oil Prices Soar 2.75% After Ukraine Strike On Major Russian Export Hub

OilPrice · Charles Kennedy · last updated
Oil prices jumped in early Asian trade on Friday morning as markets responded to renewed Ukrainian attacks on Russia’s energy infrastructure. A Ukrainian drone attack on the Russian Black Sea port of Novorossiysk, one of the country’s most significant oil export hubs, triggered renewed fears of supply disruptions. At the time of writing, WTI had risen 2.71% to $60.28… While Brent was trading at $64.54. The attacks damaged a ship, nearby apartment buildings, and an oil depot, injuring three crew members aboard the vessel, Russian regional…
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