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Oil Prices Jump 2% Following Drone Strike at Major Black Sea Terminal
Market Intelligence Analysis
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Why This Matters
Oil prices jumped 2% due to a drone strike at the Novorossiysk terminal, a major Black Sea terminal, disrupting 2% of global daily supply and raising fears of a prolonged supply squeeze.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Global oil prices surged on Tuesday as markets reacted to the escalating drone strikes at the Novorossiysk terminal, which handles roughly 2% of the world's daily supply. The disruption to the Caspian Pipeline Consortium (CPC) infrastructure, a vital artery for Kazakh exports managed by Western majors like Chevron and Shell, raised immediate fears of a prolonged supply squeeze. WTI was at $60.75, up 2.1%... While Brent was trading at $65.13, up 1.9%. Two oil tankers waiting to load crude from some of Kazakhstan’s biggest oilfields were…
Original article published by
OilPrice.com
on January 13, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.