Black Sea Oil Disruption Fails to Shake Bearish Market Mood

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Why This Matters

The disruption of oil exports from Russia's Novorossiysk port due to a Ukrainian attack has had a limited impact on the market, with oil prices only recovering past losses and resetting at $64 per barrel.

Market Impact

Market impact analysis based on neutral sentiment with 80% confidence.

Sentiment
Neutral
AI Confidence
80%

Article Context

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The key Russian oil port of Novorossiysk on the Black Sea suspended oil exports on Friday, following a major Ukrainian attack on the port overnight. Friday, November 14, 2025The Russia-Ukraine war rages on, with Ukraine’s drone attacks temporarily halting oil loadings in Russia’s largest Black Sea port, however, even such a high-impact event was only able to recoup the past days’ losses and reset ICE Brent at $64 per barrel. Oil bulls’ sentiment was dampened by this week’s monthly reports from the IEA and OPEC, particularly…

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Original article published by OilPrice.com on November 14, 2025.
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