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Oil Soars 4% As Ukrainian Drones Override OPEC+ Hikes

Summary by Oil Price
Crude oil prices were trading up nearly 4% on Monday afternoon, with analysts attributing the spike to escalating geopolitical tensions, and the aftermath of a massive Ukrainian drone strike on four Russian military airports overnight

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This weekend Ukraine has dealt a severe blow to Russia, which has been planning for over a year and a half, destroying dozens of strategic aircraft. According to sources of security to the Interfax agency, the operation was personally supervised by the President of Ukraine, Volodimir Zelenski, and devised by the head of the SBU, Vasil Maliuk, and his staff. Ukrainian military sources assured that the monetary value of the damage caused to the Ru…

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Oil Price broke the news in London, United Kingdom on Monday, June 2, 2025.
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