Energy Strikes Impact Oil Prices and Facilities

• Fires broke out at an oil terminal and depot in St. Petersburg after Ukraine launched a massive wave of drone strikes on Sunday.
• Oil prices hovered near $109 a barrel as a result of the strikes.
• Tankers were attacked in the Middle East, contributing to market instability.
• Oil prices steadied after jumping on Friday due to ongoing conflicts in the Middle East and Ukraine.
• The prospect of a return to normal crude flows is dimmed by the recent flareups in fighting.