Jakarta, hitclubapk3 Indonesia
—
Price
crude oil
world jumped around 2 percent in trading Friday (14/11) after drones owned
Ukraine
hit an oil depot in the Black Sea port of Novorossiysk, a major export center
Russia
.
The damage to Moscow’s oil storage warehouse sparked market concerns about energy supplies.
The price of Brent crude oil futures rose US$1.24 or 1.97 percent to US$64.25 per barrel.Meanwhile, the price of US West Texas Intermediate crude oil rose US$1.25 or 2.13 percent to US$59.94 per barrel.
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“The Ukrainian drone attack on the port of Novorossiysk has sparked fresh fears of disruption to the flow of oil supplies, as the port is Russia’s second-largest oil export hub and comes after another major attack in Tuapse almost two weeks ago,” June Goh, senior oil market analyst at Sparta Commodities, was quoted as saying
Reuters.
He said the extent of damage to the oil depot was not yet known, but if the escalation of the conflict continued, there would be supply restrictions, both in crude oil exports and other Russian oil products.
Early Friday, a Ukrainian drone strike damaged a ship in the port, apartment buildings, as well as an oil depot in the Russian Black Sea port of Novorossiysk.The Russian government reported this attack injured three crew members.
Today’s price spike came after Brent and WTI fell around 3 percent yesterday, weighed down by an OPEC report which stated global oil supply would be equal to demand in 2026. This marks a further shift from previous projections of a supply deficit.
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(pta)
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