Oil Prices Dip as Russian Port Resumes Operations
Update: 2025-11-17
Description
Oil prices experienced a dip today as Novorossiysk port resumed operations, easing concerns about supply disruptions. Both Brent and WTI futures saw slight drops, with Brent falling to $82.16 and WTI to $77.65. The market also awaits clues from the Federal Reserve on future interest rate hikes, which could impact oil demand. Additionally, unexpected inventory build-up in the U.S. contributed to the bearish sentiment, with traders expecting continued price fluctuations.
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