Archive · 14 Nov 2025
Crude Oil Rises on Ukraine Drone Attack Reports
Imagine the price of oil is like a seesaw.
Sometimes, news about problems or potential problems with oil production can make the price go up.
On Friday, there were reports that Ukraine attacked oil facilities in Russia, which made people worry about the oil supply.
This worry caused the price of oil futures, which are like bets on future oil prices, to go up.
Even though an important report suggested that a lot of oil will be produced next year, the news about the attack had a bigger impact on prices that day.
The reports of the attack, however, could not be immediately confirmed by everyone.
Crude oil futures prices rose on Friday morning.
The increase followed reports of a Ukrainian drone attack on Russian oil infrastructure in Novorossiysk.
Russian officials reported damage to a ship, buildings, and an oil depot, with injuries and a fire.
Reuters stated it could not verify the attack details, and Ukraine did not immediately comment.
Meanwhile, the IEA forecasts a significant rise in world oil supply for 2025 and 2026, with non-OPEC+ countries contributing substantially to this growth.
- Who
- Crude oil futures markets, Ukrainian forces, Russian officials
- What
- Crude oil futures prices increased.
- When
- Friday morning, November 14, 2025
- Where
- Global markets, Novorossiysk (Russia), US
- Why
- Reports of a Ukrainian drone attack on Russian oil infrastructure, despite broader forecasts of increased global supply.
Reports of Ukrainian Drone Attack
No Immediate Ukrainian Comment or Verification
Attack Details
Reports of Ukrainian Drone Attack
Russian officials reported a Ukrainian drone attack damaged a ship, buildings, and an oil depot in Novorossiysk, causing injuries and a fire at the oil depot.
No Immediate Ukrainian Comment or Verification
Reuters could not verify the account of the attacks, and Ukrainian officials offered no immediate comment.
- Brent Oil Futures (Jan)
- $63.91 (up 1.43%)
- WTI Crude Futures (Dec)
- $59.60 (up 1.55%)
- MCX Crude Futures (Nov)
- ₹5292 (up 1.22%)
- MCX Crude Futures (Dec)
- ₹5300 (up 1.07%)
- IEA World Oil Supply Growth (2025)
- 3.1 million barrels/day
- IEA World Oil Supply Growth (2026)
- 2.5 million barrels/day
- US Crude Oil Inventories (Week ending Nov 7)
- Increased by 6.4 million barrels
