7:32 PM · 22 January 2024

Oil prices rise over 2.20% 💲

  • The war in the Gaza Strip and disruptions in the Red Sea continue
  • Some operations at Novatek's fuel export terminal suspended
  • Fuel logistics costs on key trade routes have nearly tripled due to disruptions in the Red Sea and the need to extend the route along the coasts of Africa

Oil prices rose by about 2.2% on Monday as investors weighed the impact of wars in the Middle East and Ukraine. Reportedly, over the weekend, the Ukrainian side attacked a major Russian fuel terminal (unconfirmed), reigniting concerns about supply disruptions. This refers to one of the key oil processing plants near Saint Petersburg, specifically in Ust-Luga. Importantly, the plant owned by Novatek also processes gas condensates for aviation fuels and heating oils.

The price of a barrel of oil (OIL.WTI) gained over 2.20% today to $75.25. Source: xStation 5

31 August 2026, 6:45 AM

⚠️Morning Wrap: USA and Iran exchange blows, oil prices rise, and markets fear a hawkish Fed (31.08.2026)

28 August 2026, 7:01 PM

Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole

28 August 2026, 12:27 PM

Market Wrap: A mild breeze of optimism ahead of Jackson Hole

28 August 2026, 6:53 AM

Morning Wrap: Markets freeze before Jackson Hole. Bitcoin back below 80K USD (28.08.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits