Fire at Russia's Tuapse oil refinery has been extinguished, regional Governor says
The fire at the Tuapse oil refinery being extinguished suggests a return to normal operations in the short term, potentially alleviating immediate supply concerns.
Swiss KOF Leading Indicators (Apr) 97.9 vs. Exp. 96 (Prev. 96.1)
Spanish GDP Growth Rate QoQ Flash (Q1) Q/Q 0.6% vs. Exp. 0.5% (Prev. 0.8%)
Fire at Russia's Tuapse oil refinery has been extinguished, regional Governor says
French Inflation Rate YoY Prel (Apr) Y/Y 2.2% (Prev. 1.7%)
French PPI YoY (Mar) Y/Y 0.20% (Prev. -2.4%)
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While this may stabilize WTI prices, the overall impact will depend on broader market sentiment and any lingering fears of supply disruptions in the region.
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