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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Varun Sharma

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