TL;DR CNBC

Oil prices jump after Ukraine strikes Russian oil refineries

Publishing timestamp: 2024-03-13 13:30:13

Summary

Crude oil futures jumped after Ukraine struck oil refineries in Russia, leading to concerns about supply disruptions. Ukrainian drone attacks have targeted major refineries, impacting Russia's refining capacity and potentially turning the country into a gasoline importer. The attacks, combined with a drawdown in U.S. crude inventories, have caused oil prices to rise.

Sentiment: NEGATIVE

Tickers: @LCO.1,  @CL.1, 

Keywords: ice brent crude (apr'23),  oil and gas,  wti crude (mar'23),  markets,  investment strategy,  russia,  business news,  breaking news: markets,  ukraine,  government and politics, 

Source: https://www.cnbc.com/2024/03/13/oil-prices-rise-as-us-inventories-fall-ukraine-strikes-russian-refineries.html