Crude Oil Steadied As Investors Assessed The Attacks Impact On Russian Refineries.
Crude oil prices settled marginally lower by -0.1% at 6817 as investors weighed the impact of recent Ukrainian attacks on Russian refinery capacity. Russia, a key player in global oil production and exports, faces challenges in meeting production targets due to disruptions caused by attacks on its oil infrastructure by Ukraine. The Ukrainian attacks have led to the shutdown of approximately 14% of Russia’s total refining capacity, adding pressure to global oil markets.
