16 Sep 2025 | 5 Mins Read
Oil price stabilizes amid Russian refinery attacks
Flipitmoney
Oil prices steadied in early trade, driven by potential supply disruption from Russia after Ukrainian drone attacks on its refineries. Brent crude futures edged up 4 cents to $67.48 a barrel, while US West Texas Intermediate crude was up 2 cents at $63.32. Key factors include heightened fears of supply disruptions and a weaker US dollar, driven by expected Federal Reserve interest rate cuts.