The geopolitical tension intensifies, causing an increase in oil prices.

After the possibility of drone attacks on Russian territory deep in Ukraine causing interruptions in oil supply, oil prices surged today. Analysts at Morgan Stanley said in a report that the attacks have offset OPEC+'s production increase of 411,000 barrels per day in July. The analysts said that since the supply increase is in line with market expectations, oil prices should not be affected in the short term. However, the prospect of oil oversupply by the end of 2025 remains unchanged. Morgan Stanley added that with no signs of slowing down the pace of OPEC+ quota increases, the trading price of Brent crude oil may hover around $50 per barrel by the first half of 2026.