Crude oil futures rose due to Ukraine drone strikes disrupting Russian oil refining capacity. US oil production unexpectedly fell after a shale merger wave fizzled. Russia ordered companies to cut production, leading to higher oil prices amidst geopolitical tensions. Oil prices struggled for direction as investors weighed supply outlook. Markets assessed Russian supply woes, causing oil prices to settle higher or lower on different days. JPMorgan warned of potential oil price spikes due to Russia's output cuts.