Published on, Sept. 2 -- September 2, 2025 2:32 PM

Oil prices rose sharply on Tuesday as fears of supply disruptions intensified due to escalating conflict between Russia and Ukraine, prompting investors to monitor energy markets closely for potential shortages.

Brent crude gained 40 cents, or 0.59%, reaching $68.55 per barrel, while U.S. West Texas Intermediate crude jumped $1.05, or 1.64%, to trade at $65.06 per barrel during early trading.

Recent Ukrainian drone attacks have shut down facilities representing at least 17% of Russia's oil processing capacity, equivalent to 1.1 million barrels per day, fueling concerns about continued supply limitations.

Ukrainian President Volodymyr Zelenskiy announced plans for further strikes deep ...