Crude oil advanced on Friday as Russia restricted fuel exports by introducing a partial ban on diesel exports until the end of 2025 following a series of Ukrainian drone attacks on Russian refineries.
WTI Crude Oil for November delivery was last seen trading up by $0.59 (or 0.91%) at $65.57 per barrel.
Intensified Ukrainian drone attacks on Russian oil refineries and energy infrastructures have now materialized into supply disruptions, with Russia curbing fuel exports. Several Russian regions face shortages of certain grades of fuel due to the drop in refining capacity.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.