Oil prices are holding steady after Ukraine’s attack on a Russian tanker in the Black Sea. West Texas Intermediate futures are trading around $83 per barrel, marking a 4% increase from the two previous sessions. The attack raises concerns as it threatens exports through the Black Sea, including a significant portion of OPEC+ oil and national grain shipments. Oil, showing a sixth week of growth, managed to offset the yearly losses caused by supply cuts from Saudi Arabia and Russia. Additionally, Poland has halted the transportation of oil through a section of the “Druzhba” pipeline due to a leak but plans to resume pumping on Tuesday morning.
