Oil prices rise after suspected Ukraine drone attack on Russia fuel terminal
Publishing timestamp: 2024-01-22 11:38:21
Summary
Oil prices rose after Ukraine reportedly attacked a major Russian fuel terminal, raising concerns about supply disruptions. The article also mentions attacks on U.S. personnel in the Middle East and ongoing conflicts that could disrupt oil supplies. Additionally, it discusses the resumption of oil production in Libya and conflicting forecasts for oil demand and production. Overall, investors remain cautious due to tepid data and a cautious narrative from policymakers.
Sentiment: MIXED
Keywords: business news, wti crude (mar'23), ice brent crude (apr'23), oil and gas,