Crude oil and refined product futures prices were seeing solid gains heading into Friday afternoon after a Ukrainian attack on a Russian oil export facility sparked worries over global oil supplies.

U.S. oil prices were up about 2.7% at 11:20 a.m. ET, with the NYMEX December West Texas Intermediate crude contract climbing by $1.60 to $60.29/bbl while January prices rose by $1.51 to $60.15/bbl. January Brent crude was up by $1.51 to $64.52/bbl and February prices were climbing by $1.43 to $64.07/bbl.

ULSD futures were leading refined products higher, with contracts climbing by 3.5%. December prices were seeing gains of 8.73cts to $2.5520/gal while January prices rose by 8.27cts to $2.5014/gal.

RBOB futures were up by 2.6%, with the front-month contract gaining 5.36cts to $2.0133/gal and January prices up 4.64cts to $1.9370/gal.

Ukrainian drones Friday hit facilities at the Black Sea port of Novorossiisk, leading to the halting of oil exports from the city. It’s unclear how long the pause will be in effect. Reports indicate the drones damaged an oil depot, a ship in port and buildings in the city.

Crude and ULSD futures had been on track to end the week with losses, but if Friday’s early gains hold, contracts should end the trading session with week-to-week gains. Crude prices are now about 50cts/bbl over last week’s finish while ULSD futures are more than 6cts/gal higher. RBOB futures were already on track for week-to-week gains, and prices are now about 6.5cts/gal higher than last Friday.

The strong movement among futures prices is being felt in spot markets around the country, as gasoline and diesel prices there are generally following the movements higher. A cycle change in the Gulf Coast market is helping to temper the rise in gasoline prices there.

If the gains hold, it will be the second day of increases for oil and gasoline futures, which had fallen sharply earlier in the week on worries that strong global oil production will outpace demand in coming months.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

–Reporting by Steve Cronin, scronin@opisnet.com; Editing by Michael Kelly, mkelly@opisnet.com

(END) Dow Jones Newswires

11-14-25 1212ET