WS #11229
Ukrainian drone strikes hit Russia's fourth-largest oil refinery (Lukoil-Nizhegorodnefteorgsintez), killing 17 in Kyiv, escalating the energy war and deepening Russia's fuel crisis. Brent crude falls to ~$70.87, WTI to ~$67.87 as Strait of Hormuz rapidly reopens and US-Iran talks progress, with expectations of a supply glut next year.
Russia-Ukraine Energy War Escalation
Ukrainian drone strikes hit Russia's fourth-largest oil refinery (Lukoil-Nizhegorodnefteorgsintez), killing 17 in Kyiv, escalating the energy war and deepening Russia's fuel crisis.
Brent crude falls to ~$70.87, WTI to ~$67.87 as Strait of Hormuz rapidly reopens and US-Iran talks progress, with expectations of a supply glut next year.