Vladimir Putin said Russia had launched a medium-range hypersonic ballistic missile attack against a Ukrainian military facility, and warned the West that Moscow could attack the military facilities of any country whose weapons were used against Russia.
The oil prices rose more than 2% this Thursday because Russia and Ukraine launched missiles at each otherworrying markets about the crude oil supply if the conflict branches out.
In this context, crude oil futures Brent increased US$1.55, or a 2.1%, to US$74.36 a barrel, while US crude futures West Texas Intermediate (WTI) they won US$1.36, or a 2%, to US$70.11.
War between Russia and Ukraine escalates
The Russian president, Vladimir Putinsaid this Thursday that Russia had launched an attack with a hypersonic ballistic missile medium-range attack against a Ukrainian military installation, and warned the West that Moscow could attack the military installations of any country whose weapons were used against Russia.
Putin said the West was escalating the conflict in Ukraine by allowing kyiv to attack Russia with long-range missiles, and that the war was becoming a global conflict.
Ukraine fired US and British missiles at targets inside Russia this week despite warnings from Moscow that it would consider such action a major escalation.
“The market has now focused on growing concerns about an escalation of the war in Ukraine,” he said. Ole Hvalbyeraw materials analyst at SEB.
Russia It is the second largest crude oil exporter in the world after Saudi Arabiaso major disruptions could affect global supplies.
“For oil, the risk is if Ukraine attacks Russian energy infrastructure, while the other risk is uncertainty about how Russia responds to these attacks,” analysts at ING in a note.
crude oil production
The market was affected by an increase in US crude oil inventories of 545,000 barrels, to 430.3 million barrels in the week ending November 15, exceeding analyst expectations.
Meanwhile, the OPEC+ could delay raising output again when it meets on Dec. 1 due to weak global oil demand, three sources at the agency said. OPEC+ familiar with the discussions.
Source: Ambito
