The oil prices They uploaded this Friday due to Ukraine attacks on Russia’s energy infrastructure that led Moscow to stop fuel exports.
The futures of Brent 71 cents rose, or 1.02%, up to $ 70.13 a barrel, while American crude west text (WTI) won 74 cents, or 1.14%, to close at $ 65.72 a barrel.
“The markets remained focused on the situation between Russia and Ukraine,” said John Kilduff, a partner of Again Capital.
“These drones attacks by Ukraine are beginning to add.”
Russia will introduce a partial prohibition of diesel exports until the end of the year and expand the current prohibition of gasoline exports, Vice Prime Minister Alexander Novak announced Thursday.
The fall in refining capacity has caused a shortage of certain types of fuel in several Russian regions.
In addition to drones attacks, Andrew Lipow, president of Lipow Oil Associates, said the US government’s action was also supported.
“The President Donald Trump Continue to press the United States allies to reduce Russian imports, “said Lipow.” We could see India and Türkiye reduce some of their Russian imports. “
The NATO’s warning to respond to new violations of their airspace has exacerbated the tensions derived from the war in Ukraine and has raised the perspectives of additional sanctions to the Russian oil industry, according to Daniel Hynes, Anz analyst.
On the supply side, the oil flow from the Iraqi region of the Kurdistan to Turkey will resume on Saturday, two officials of the Iraqi Ministry of Petroleum said Thursday. However, more solid economic data than expected could make the Federal Reserve American is more cautious when cutting interest rates after the decline of 25 basic points last week, the first since December.
