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25 Aug 2025

Oil prices rise slightly after Ukraine targets Russian energy facilities

Oil prices rose slightly at the start of trading this week after Ukraine intensified its attacks on Russia, raising concerns about a potential disruption to Russian oil supplies.

Brent crude futures for October delivery rose 0.1%, or 8 cents, to $67.81 a barrel on Monday.

US Nymex crude futures for October delivery also rose 0.15%, or 9 cents, to $63.76 a barrel.

This comes after Russian authorities announced that Ukraine launched a drone attack on the country on Sunday, severely reducing the capacity of a reactor at one of Russia's largest nuclear plants and causing a massive fire at the Ust-Luga fuel export terminal, according to Reuters.

The acting governor of the region also reported that a fire continued at the Russian Novoshakhtinsk refinery for the fourth consecutive day on Sunday, as a result of a Ukrainian drone attack. The refinery is a vital facility, as it sells fuel primarily for export, with a capacity equivalent to about 100,000 barrels per day

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