WTI Crude Oil Rises Amid Russian Supply Disruptions
Current Price: $71.80
Key Driver: Ukrainian drone attack on Russian pipeline
Price Surge Due to Supply Disruptions
- Ukrainian drone strikes disrupted Kazakhstan’s crude exports via Russia.
- Russian authorities report a 30-40% drop in oil flows (~380,000 barrels/day).
- WTI crude extended its rally, nearing $72.50 resistance.
Key Technical Levels to Watch
- Resistance: $72.50 → Breakout could target $73 - $73.50.
- Support: $71.50 → Below this, next levels are $71 & $70.50.
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