Crude oil futures traded higher on Thursday morning following continued Ukrainian attacks on Russian oil infrastructure.

At 9.57 am on Thursday, February Brent oil futures were at $62.92, up by 0.40 per cent, and January crude oil futures on WTI (West Texas Intermediate) were at $59.26, up by 0.53 per cent. December crude oil futures were trading at ₹5,359 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹5356, up by 0.06 per cent, and January futures were trading at ₹5,358 against the previous close of ₹5,346, up by 0.22 per cent.

Quoting a Ukrainian military intelligence source on Wednesday, a Reuters report said Ukraine hit the Druzhba oil pipeline in Russia’s central Tambov region. This is the fifth attack on the pipeli

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