Crude is extending gains during European trading hours supported by further attacks on Russian oil refineries for two consecutive nights. Front month crude is headed toward the top-end of the recent range of $80.7/bbl to $84.3/bbl.

• Brent MAY 24 up 1.9% at 83.48$/bbl
• WTI APR 24 up 2.1% at 79.2$/bbl
• BRENT TECHS: (K4) Support Lies At The 50-Day EMA
  • RES 2: $85.47 - 76.4% retracement of the Sep 15 - Dec 13 bear cycle
  • RES 1: $84.34 - High Mar 1
• Rosneft’s Ryazan refinery has shut down two primary oil refining units after a Ukrainian drone attack last night according to two Reuters sources.The independent 5.6m tons/year Novoshakhtinsk refinery in Russia’s southern Rostov region has halted operations after a drone strike according to regional governor Vasily Golubev.
• Lukoil’s 340kbpd Norsi refinery shut the main CDU yesterday after a drone attack, meaning at least half of the refinery’s production is halted.
• Ukrainian strikes on Russia’s energy infrastructure have damaged facilities that hold around 10% of the country’s oil processing capacity, according to DNB Markets' estimates.