Oil Prices Surge to 4 1/2-Month Highs Following Drone Attacks on Russian Production

Monday, 18 March 2024, 10:46

Oil prices have surged to a 4 1/2-month high after drone attacks have impacted Russia's oil output. The market is responding with gains at the start of the week, signaling potential supply disruptions and geopolitical tensions affecting the energy sector.
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Oil Prices Surge to 4 1/2-Month Highs Following Drone Attacks on Russian Production

Oil Prices Surge in Response to Drone Attacks

Oil futures have opened this week with significant gains, driven by the impact of drone attacks on Russia's production facilities. The resulting supply constraints have pushed prices to a 4 1/2-month high, reflecting market concerns over potential disruptions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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