14 Nov 2025 | 5 Mins Read
Crude oil price rises after Russian depot hit
Flipitmoney
Ukrainian drone attacks damaged an oil depot in Novorossiysk, pushing oil prices up 2.13% for Brent crude to $64.35 a barrel and 2.39% for US WTI crude to $60.09 a barrel. US sanctions on Lukoil and Rosneft may further restrict Russian oil shipments, adding to already held volumes in tankers. Global oil supplies are projected to exceed demand in 2026.