Oil climbs more than 2% after Ukrainian attack damages Russian oil depot

Core Viewpoint - Oil prices increased by over 2% following a Ukrainian drone attack that caused damage to an oil depot in the Russian Black Sea port of Novorossiysk [1] Group 1 - The drone attack on the oil depot is a significant geopolitical event impacting oil supply dynamics [1] - The rise in oil prices reflects market reactions to supply disruptions caused by military actions [1]