Oil Prices Surge: Ukraine Attacks, Russia Limits Exports

Oil prices surge to their fastest weekly climb since June as Ukrainian attacks on Russian energy infrastructure trigger supply concerns and export cuts. With benchmarks hitting levels unseen since early August, the market is further fueled by a surprise drop in U.S. crude inventory and robust U.S. economic data, hinting at sustained demand. However, the potential resumption of oil exports from Kurdistan could temper the price rally, leaving traders navigating a volatile market driven by geopolitical tensions and economic indicators. Hosted on Acast. See acast.com/privacy for more information.