Oil costs stand as Ukraine moves Russian refineries

Smoke billows next Ukraine’s SBU drone moves a refinery, amid Russia’s assault on Ukraine, in Ryazan, Ryazan Area, Russia, on this display seize from a video bought by way of Reuters, March 13, 2024. 

Video Received Through Reuters | By way of Reuters

Crude oil futures rose Monday as Ukrainian drone moves disrupt Russian oil refining capability.

The West Texas Intermediate agreement for April won 38 cents, or 0.47%, to $81.01 a barrel. The Brent agreement for Would possibly added 37 cents, or 0.42%, to $85.79 a barrel.

A Ukrainian drone assault led to a fireplace on the Kuibyshev oil refinery within the town of Samara over the weekend. Business resources told Reuters that one of the vital primary refining devices on the facility used to be knocked out next the attack.

Oil Costs, Power Information and Research

Kyiv has introduced a marketing campaign of moves in opposition to Russian power infrastructure because the get started of the future with Ukrainian judgement claiming a lot amenities were effectively collision. No less than 10% of Russia’s refining capability has been disrupted by way of the assaults, consistent with British intelligence.

“Depending on the extent of the damage, major repairs could take considerable time and expense,” the British Ministry of Protection stated in an replace over the weekend.

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