Oil prices lifted after drone attack on Russian pipeline
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Oil prices rose after a drone attack on a Russian pipeline carrying crude from Kazakhstan, disrupting flows.
February 18, 2025 | 12:30 pm
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POSITIVE IMPACT
The United States Brent Oil Fund (BNO) is likely to see a positive impact as oil prices rise due to the disruption of crude flows from Kazakhstan after a drone attack on a Russian pipeline.
BNO tracks the price of Brent crude oil, which is likely to increase due to the disruption in supply caused by the drone attack. This supply disruption can lead to higher oil prices, benefiting BNO.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80