Oil Prices Slip as Critical Russian Port Comes Back Online

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Oil prices have declined as operations at the critical Russian port of Novorossiysk resumed, reversing last week's gains. Brent crude futures fell to $63.75 per barrel, while WTI crude futures dropped to $59.43 per barrel, indicating a bearish sentiment in the market following the resumption of crude loadings.

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Market impact analysis based on bearish sentiment with 81% confidence.

المشاعر
Bearish
ثقة الذكاء الاصطناعي
81%

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Oil prices moved lower in early Asian trading on Monday, erasing the modest gains posted last week, as crude loadings resumed at the key Russian export hub of Novorossiysk following a two-day suspension of operations at the Black Sea port. At the time of writing, front-month Brent crude futures had dropped by 64 cents to $63.75 per barrel, while WTI crude futures were trading at $59.43 per barrel, down 66 cents from Friday’s close. Last week’s rally of more than 2% for both benchmarks was underpinned by a disruption at Novorossiysk…

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المقال الأصلي منشور بواسطة OilPrice.com في نوفمبر 17, 2025.
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