Oil Prices Surge to Highest Since Mid-April After Attack on Russian Oil Hub and OPEC Production Cuts
Oil Prices Surge Amidst Supply Concerns and Production Cuts Key Events Leading to Oil Price Surge Oil prices reached their highest levels since mid-April after a series of significant events: Attack on Russian oil export hub: Ukraine conducted a naval drone attack on Russia’s port of Novorossiysk, a crucial hub for Russian oil exports. This…