Oil rises after Ukraine strikes Russian refineries, Moscow orders output cuts to meet OPEC+ pledge
Publishing timestamp: 2024-03-25 13:16:40
Summary
Crude oil futures rose due to Ukrainian drone strikes disrupting Russian refining capacity and Moscow ordering output cuts to meet OPEC+ targets. Several OPEC+ countries have agreed to voluntary production cuts. Ukrainian attacks have disrupted at least 10% of Russia's refining capacity. British intelligence warns of potential major repairs. Various news on oil prices, energy sector, and stock market predictions are also discussed in the article.
Sentiment: MIXED
Keywords: markets, business news, breaking news: markets, ice brent crude (apr'23), oil and gas, wti crude (mar'23), investment strategy,
Source: https://www.cnbc.com/2024/03/25/oil-prices-rise-as-ukraine-strikes-russian-refineries.html