The new turn between Ukraine Russia Drone Attack was seen in the battle only when the UkRIE drone attacks by attacking the Novorossiysssiysssik monkey in Black Sea. Novorossiysk is considered very important in the world oil business, as Russia from here sends millions of barrels every day around the world.
As soon as the Ukraine Russia Drone Attack took place, the oil warehouse caught fire and the administration of the port of the port stopped the oil exports. The news of this obstacle spread like a fire in oil markets around the world. Oil markets are very sensitiveโthore is also a threat, uncertainty or delayed, prices are broken.
This incident also caused the same effect. After the Ukraine Russia Drone Attack, traders and investors around the world made the fear in their minds that Rusa could reduce oil supply, and as soon as supply increases, the price of supply rises up. In the atmosphere of fear, the breen crude rose $1.50 or 2.4% and U.S. Const Texas Intermediate (wti) rose to $60.26 per barrel.
The behind the increase in the market can be said that the work in the future could accelerate, and the work on the port could stop late, and the Russia’s oil supply can cause major disruption.
Rusia is the largest oil seller in the world, and the closure or obstacle to this country may be lowering oil in the whole world. Because not just Russia, but many countries of Europe and ASIa used to take on oil, and supply the cost of slow, airline and transport companies, and the common people will have a straight impact on the jebs of the people.
A country like India, which is at the forefront of buying oil in the world, will not be ineffective at this suddenly increased price. The increase in global prices could also show petrol and diesel prices in India in the future. The whole incident also shows that the price of oil is on direct fear and uncertainty, when the market is safe, the price is stable, and as soon as the threat increases, the price increases.
Now, it is worth seeing when he resumption and reopening when the Rusia repairs the port. If the market will be calm, if the war rises or continuously, the price of oil will go up even higher.
Some relief Ukraine Russia Drone Attack is that if OPEC countries increase production together, the situation is full of uncertainty. Overall, the smooth of the incident is that the drone attack of Ukraee stopped oil from Novossiyssksik port, and just this news accumulated the world’s market 2%, as the market is notified 2%, as
