Brent crude oil prices stabilized in early Tuesday trading after a drone attack on Russia’s Kropotkinskaya pipeline station disrupted oil flows from Kazakhstan. Brent futures dipped 0.09% to $75.15 per barrel by 0137 GMT, while U.S. West Texas Intermediate (WTI) crude rose 47 cents to $71.21 per barrel, with Monday's WTI settlement delayed due to the U.S. Presidents' Day holiday.
The drone strike in Russia's Krasnodar region reduced shipments managed by the Caspian Pipeline Consortium, affecting Western companies like Chevron and Exxon Mobil. Despite the disruption, February’s Black Sea CPC Blend oil loading schedule remains unchanged, sources told Reuters.
Market fundamentals kept price reactions subdued. Analysts from BMI forecast Brent prices averaging $76 per barrel in 2025, reflecting a 5% decline from 2024 due to oversupply, tariffs, and trade tensions.
OPEC+ producers are not considering delaying scheduled oil supply increases starting in April, according to Russian state media. In December, OPEC had postponed raising output until April in response to weak demand and growing supply from non-OPEC sources.
The combination of geopolitical tensions and market oversupply continues to influence global oil prices.


Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike
European Stocks Rise as Markets Await Key U.S. Inflation Data
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit
Netflix’s $72 Billion Warner Bros Discovery Deal Reshapes the Entertainment Landscape
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut
Lockheed Martin Secures $1.14 Billion Contract Boost for F-35 Production 



