Petrol prices have shown a sharp increase following the Ukraine attack.

Fluctuation in Oil Prices Following Ukraine's Attack

Oil prices rapidly increased after Ukraine's UAV attack on Russia's Novorossiysk oil depot. The news of the attack caused an immediate reaction in the markets, giving a significant momentum to oil values.

Details of the Price Increase

Following the news of the attack, oil prices gained as much as a 2% increase. Currently, Brent Oil is trading at $64, up by 1.6%, while American oil has risen to $59.7, gaining 1.7%. This movement continues to create anxiety and speculation among investors and market analysts.

U.S. Crude Oil Stock Data

Yesterday, the U.S. weekly DoE (Department of Energy) data revealed that crude oil stocks increased by 6.45 million barrels. This figure significantly exceeded market expectations of 1.0 million barrels, drawing attention. However, it was observed that the weekly stock data did not reflect in market prices following the news of the attack from Ukraine.

Market Reactions and Future Expectations

The sudden rise in the markets indicates an increase in geopolitical risks and supply concerns. While investors monitor how oil prices will be affected in the coming days, they emphasize that such events increase uncertainties in the markets. If the attacks continue, price increases seem likely.