SHOTLIST: NEW YORK, UNITED STATES (MARCH 8, 2022) (ANADOLU – ACCESS ALL) (FILE FOOTAGE) 1. VARIOUS DRONE SHOTS SHOWING PHILIPS 66 OIL REFINERY NEW YORK, UNITED STATES (MARCH 8, 2022) (ANADOLU – ACCESS ALL) (FILE FOOTAGE) 2. VARIOUS DRONE SHOTS SHOWING PHILIPS 66 OIL REFINERY ELMET, TATARSTAN (RECENT, 2023) (ANADOLU – ACCESS ALL) (FILE FOOTAGE) 3. VARIOUS OF OIL WELLS AT TANEFT FIELDS 4. VARIOUS OF STAFF WORKING NEAR OIL WELLS 5. VARIOUS OF OIL WELLS(FILE FOOTAGE) NEW YORK, UNITED STATES / ELMET, TATARSTAN: Oil prices rose Monday as escalating Russia-Ukraine clashes fueled supply concerns and OPEC+ delivered a smaller-than-expected output hike. Brent crude was trading at $66.34 per barrel at 10.43 a.m. local time (0743 GMT), up 1.3% from the previous close of $65.45. US benchmark West Texas Intermediate (WTI) rose 1.4% to $62.60 from $61.70 in the prior session. Oil prices climbed as Russia launched its largest airstrike on Ukraine since the start of the war, stoking fears of tougher sanctions and renewed supply risks. Ukrainian President Volodymyr Zelenskyy said on X that Russian forces deployed more than 800 drones, four ballistic missiles and nine cruise missiles in a strike on Kyiv. The country's Air Force reported that while most of the drones were intercepted, 54 UAVs and nine missiles struck targets in the capital, including a government building hit for the first time. Speaking to reporters before departing the White House for New York, US President Donald Trump said he was prepared to move to a second phase of sanctions on Russia. European Council President Antonio Costa said Friday the bloc was accelerating work on new measures and would send a delegation to Washington. Expectations of a prolonged conflict have heightened supply concerns supporting upward price movements, while Trump's sanction threats against Russia capped gains by fueling fears of weaker economic growth and softer near-term energy demand. Meanwhile, OPEC+'s smaller-than-expected output hike also lent support to prices by fueling supply concerns. OPEC and its allies agreed to boost oil output by 137,000 barrels per day (bpd) in October. The increase, led by Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman, fell short of market expectations. Still, prices found support as traders welcomed clarity on the group's restrained supply plan. OPEC+ had previously raised production by 547,000 bpd in September and 548,000 in August.