Oil Maintains Gains as Investors Assess Effects of Attacks on Russian Energy Infrastructure

Oil Prices Stability: Oil prices remained stable with Brent crude at $67.02 and U.S. West Texas Intermediate at $62.77, as investors evaluated the impact of Ukrainian drone attacks on Russian oil infrastructure.

Impact of Ukrainian Attacks: The attacks on key Russian oil facilities, including the Primorsk terminal and Kirishi refinery, indicate a potential disruption in oil exports, which could lead to increased oil prices according to JPMorgan analysts.

U.S. Sanctions on Russia: U.S. President Trump expressed willingness to impose tougher sanctions on Russia, urging Europe to align its actions with the U.S. amid ongoing oil purchases from Russia.

Economic Concerns: Investors are also monitoring U.S.-China trade talks and economic indicators, as softer job data and rising inflation raise concerns about growth in the U.S., the world's largest oil consumer.