Oil Prices Dip After Russia's Novorossiysk Port Resumes Loadings
Update: 2025-11-17
Description
Oil prices experienced a dip on Monday following Russias resumption of oil loadings at Novorossiysk port, after a two-day suspension due to a Ukrainian attack. Brent crude fell by 0.7%, while U.S. West Texas Intermediate crude dropped by 0.8%. Despite earlier gains of over 2% due to supply disruptions, investors remain concerned about ongoing Ukrainian attacks on Russian oil infrastructure and the impact of Western sanctions on Russian oil supply and trade.
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