Oil prices are rising due to supply disruptions from Kazakhstan.

The prices of oil have risen for the second consecutive session following a drone attack on a pumping station in Russia, which resulted in reduced flows from Kazakhstan.

As reported by Reuters.

According to the report, Brent crude oil futures increased by 15 cents, or 0.2%, to $75.3 per barrel.

At the same time, West Texas Intermediate crude oil futures rose by 67 cents from Friday's close, reaching $71.41 per barrel.

The publication states that the drone strike on the "Kropotkinskaya" station in the Krasnodar region of Russia led to a reduction in the supply of Kazakh oil to global markets, impacting Western companies, including Chevron and Exxon Mobil.

Analysts predict that by 2025, the average price of Brent oil will be $76 per barrel, which is 5% lower than the average level in 2024, due to oversupply, imposed tariffs, and escalating trade tensions.

Recall that on the night of February 17, drones from the Security Service and Special Operations Forces of the Armed Forces of Ukraine attacked two key enterprises in Russia that support the enemy's military-industrial complex: the Ilsky Oil Refinery and the "Kropotkinskaya" pumping station.

Background. Previously, Mind reported that against the backdrop of the prospect of a peaceful resolution in Europe, discussions about resuming Russian gas supplies are already underway. In particular, Friedrich Merz, a likely future Chancellor of Germany, does not rule out such a possibility.