2024-03-18T04:46:55+00:00
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/ Oil costs rose in early Asian transactions on Monday, consolidating their features from final week when costs rose by about 4 % amid expectations of decreased provides.
By 00:45 GMT, Brent crude futures for Might supply rose three cents to $85.37 a barrel. April contracts for US West Texas Intermediate crude rose ten cents to $81.14 a barrel.
Geopolitical considerations additionally stay excessive, in reference to an intensified Ukrainian drone marketing campaign towards Russian oil refineries over the weekend.
On Saturday, one of many assaults prompted a hearth on the Slavyansk refinery in Kasnodar, which processes 8.5 million metric tons of crude oil yearly, or 170,000 barrels per day.
Within the Center East, Israeli Prime Minister Benjamin Netanyahu confirmed on Sunday that he would go forward with plans to invade Rafah within the southern Gaza Strip, the place greater than one million displaced persons are sheltered, in defiance of strain from Israel’s allies.