Brent Near $109 as Ukraine Resumes Energy Strikes and Tankers Are Attacked in Middle East
According to CNBC, Brent crude futures fell $1.04 to $108.82 per barrel on Sunday, while U.S. West Texas Intermediate lost 26 cents to $101.15. Prices hovered near recent highs as traders assessed Ukrainian strikes on Russian oil facilities and attacks on tankers in the Persian Gulf. Fires broke out at an oil terminal and depot in St. Petersburg after a wave of Ukrainian drone strikes, Gov. Alexander Beglov said. The terminal exports about 120,000 barrels per day of refined products, mostly fuel oil, and the extent of the damage was unclear. Two tankers were attacked off Saudi Arabia on Friday, according to the United Kingdom Maritime Trade Operations Centre. A small boat fired a rocket-propelled grenade at an unidentified tanker 78 nautical miles northeast of Al Jubayl, while another tanker, the ST3, was hit by an unknown projectile.$CL
$BZ
According to CNBC, Brent crude futures fell $1.04 to $108.82 per barrel on Sunday, while U.S. West Texas Intermediate lost 26 cents to $101.15. Prices hovered near recent highs as traders assessed Ukrainian strikes on Russian oil facilities and attacks on tankers in the Persian Gulf. Fires broke out at an oil terminal and depot in St. Petersburg after a wave of Ukrainian drone strikes, Gov. Alexander Beglov said. The terminal exports about 120,000 barrels per day of refined products, mostly fuel oil, and the extent of the damage was unclear. Two tankers were attacked off Saudi Arabia on Friday, according to the United Kingdom Maritime Trade Operations Centre. A small boat fired a rocket-propelled grenade at an unidentified tanker 78 nautical miles northeast of Al Jubayl, while another tanker, the ST3, was hit by an unknown projectile.$CL
$BZ