Oil steady after Ukraine strike on Russian oil pipeline does not disrupt supply
NeutralFinancial Markets

- Oil prices remained steady following a strike by Ukraine on a Russian oil pipeline, which did not disrupt supply. Despite the attack, Hungary confirmed that oil flows through the Druzhba pipeline continued, indicating resilience in energy supply routes amidst ongoing geopolitical tensions.
- This development is significant as it highlights the stability of oil supply despite the ongoing conflict between Ukraine and Russia, which has raised concerns about potential disruptions in the energy market. The continuity of oil flows may help maintain price stability in the short term.
- The situation reflects broader market dynamics, where geopolitical tensions and failed peace negotiations between Russia and Ukraine continue to influence oil prices. Traders are closely monitoring these developments, as uncertainties around supply and potential oversupply concerns persist, impacting market sentiment.
— via World Pulse Now AI Editorial System





