Crude oil futures jumped Wednesday after Ukraine struck oil refineries in Russia, underlining the risk that war in Eastern Europe poses to crude oil production and fuel supplies.Ukrainian drones hit a Rosneft refinery in the Ryazan region about 130 miles from Moscow and the Novoshakhtinsk refinery in the Rostov region,U.S. commercial crude inventories, meanwhile, fell by 1.5 million barrels last week, according to data from the Energy Information Administration. Gasoline stocks declined by 5.
The Ukrainian attacks and the U.S. crude inventory drawdown have jolted oil prices out of a recent slump that had been caused by worries about demand in China as well as forecasts of robust supply in the Americas, particularly the U.S.First Solar CEO says tariff exemptions threaten U.S.
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