Brent crude prices rose 3.78% to $65.15 per barrel.

WTI crude prices increased by 3.92% to $63.17 per barrel.

The surge is attributed to geopolitical tensions following drone strikes in Russia.

Ukrainian attacks targeted Russian military airports, destroying over 40 aircraft.

Significant fires and disruptions reported in residential areas of Kursk and Voronezh.

Russian defenses intercepted 162 drones, showcasing Ukraine's deep-strike strategy.

Goldman Sachs expects OPEC+ to announce a final production hike of 411,000 bpd in August.

OPEC+ plans to increase production by 411,000 bpd in July as demand remains steady.

Morgan Stanley anticipates multiple consecutive production increases from OPEC+.

ING analysts link price increases to geopolitical instability and OPEC+'s cautious stance.

Potential U.S. sanctions on Russian oil flows could significantly affect market dynamics.