Oil Prices Jump 2% Following Drone Strike at Major Black Sea Terminal

Global oil prices surged on Tuesday as markets reacted to the escalating drone strikes at the Novorossiysk terminal, which handles roughly 2% of the world's daily supply. The disruption to the Caspian Pipeline Consortium (CPC) infrastructure, a vital artery for Kazakh exports managed by Western majors like Chevron and Shell, raised immediate fears of a prolonged supply squeeze. WTI was at $60.75, up 2.1%... WTI price While Brent was trading at $65.13, up 1.9%. Brent Two oil tankers waiting to load crude ...