Oil prices rise amid attacks on Russian infrastructure

Oil prices are rising moderately on Monday morning, continuing to strengthen after rising at the end of last week. 

November Brent futures on the ICE exchange rose to $67.42 per barrel. Contracts for WTI for October delivery on the NYMEX rose to $63.16 per barrel. Over the past week, both brands have risen in price by more than 1%.

The market is closely monitoring reports of Ukrainian drone strikes on Russian oil infrastructure, including large refineries and export terminals. Analysts say the attacks could limit exports of Russian oil and petroleum products and push up oil price forecasts.

Meanwhile, data from Baker Hughes showed that the number of oil drilling rigs in the United States increased by two in a week, to 417 units. The number of gas installations did not change and remained at 118.