Oil prices rose in early trading in Asia as concerns about supply disruptions continued. Two members of the TD Securities macro research team said in a research report that the recent attack on an oil tanker at the Caspian Sea Pipeline Consortium terminal has once again disrupted operations in the Black Sea, and operations have only just been restarted a few days ago. “This will continue to cause Russian crude oil exports to fall by 1 million to 2 million barrels per day from the June average,” they said. Additionally, as the drone attacks continue, this “could turn into a longer shutdown”, these members added. West Texas Intermediate oil futures rose 0.6% to $84.07 a barrel in recent months.

Oil prices rose in early trading in Asia as concerns about supply disruptions continued. Two members of the TD Securities macro research team said in a research report that the recent attack on an oil tanker at the Caspian Sea Pipeline Consortium terminal has once again disrupted operations in the Black Sea, and operations have only just been restarted a few days ago. “This will continue to cause Russian crude oil exports to fall by 1 million to 2 million barrels per day from the June average,” they said. Additionally, as the drone attacks continue, this “could turn into a longer shutdown”, these members added. West Texas Intermediate oil futures rose 0.6% to $84.07 a barrel in recent months.