Russia launches ICBM at Ukraine, spurring oil price surge and international concern.

Russia launched an ICBM at Dnipro, Ukraine, marking the first use of such a missile in conflict, causing injuries and prompting a response from Ukrainian President Zelenskyy. This escalation, following Ukraine's missile strikes on Russia, has led to a surge in U.S. natural gas and oil prices, driven by geopolitical tensions and cold weather. Gold also rose as a safe-haven asset. Oil prices increased by over 1%, with Brent crude up 1.4% and WTI up 2.1%, despite larger-than-expected U.S. crude inventories.

November 21, 2024
81 Articles

Further Reading