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Brent crude hovers near $109 a barrel as Ukraine resumes energy strikes, tankers attacked in Middle East

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Core Development: Brent crude hovers near $109 a barrel as Ukraine resumes energy strikes, tankers attacked in Middle East
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Market & Financial Impact: Fires broke out at an oil terminal and depot in St. Petersburg after Ukraine launched a massive wave of drone strikes on Sunday.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Crude oil prices hovered near recent highs on Sunday as traders weighed a Ukraine bombing of oil facilities in Russia and more tankers coming under attack in the Persian Gulf.

Brent crude futures, the international benchmark, shed $1.04 to $108.82 per barrel. U.S. West Texas intermediate lost 26 cents to $101.15 per barrel.

The terminal in St. Petersburg exports about 120,000 barrels per day of refined products, mostly fuel oil, according to data from Kpler. It is unclear how bad the damage is at the facility.

Ukraine briefly paused strikes on Russian energy facilities after President Donald Trump declared on Oct. 11 that Kyiv and Moscow had agreed to a truce.

But Russia continued to strike Ukrainian energy infrastructure after Trump's announcement. President Volodymyr Zelenskyy said last week that Kyiv would resume strikes on Russian facilities in retaliation.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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