03:12 PM EDT, 03/22/2024 (MT Newswires) -- The US urged Ukraine to stop drone strikes on Russia's energy infrastructure, warning that continued attacks may result in retaliation and drive up global oil prices, The Financial Times reported, citing three people familiar with the discussions.

Frustration is mounting at the White House because of the bold Ukrainian strikes targeting refineries, terminals and storage facilities in western Russia, one person said, according to the FT.

Russia can strike back at the CPC pipeline carrying oil for ExxonMobil ( XOM ) and Chevron ( CVX ) , according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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