Oil prices rose $1 on Thursday after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region.

Drones targeted oil fields in Iraq’s semi-autonomous northern Kurdish region Wednesday, the latest in a series of attacks in recent days that have put several oil facilities out of commission. No group has claimed responsibility for the attacks,

WTI oil gains ground as traders focus on the devlopments in the Middle East. Recent reports indicate that drones attakced oil fields in Iraqi Kurdistan. The technical picture remains bullish as WTI oil settled above the support level at $66.00 – $66.50. Brent oil is moving towards the $70.00 level as geopolitical risk premium increased.