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flag Oil prices dropped Nov. 17 as Russia resumed exports from Novorossiysk Port after a two-day halt.

flag Oil prices fell on Monday, November 17, 2025, as Russia’s Novorossiysk Port resumed oil exports after a two-day halt caused by a Ukrainian attack. flag The port’s recovery eased short-term supply concerns, contributing to a drop in Brent crude to $63.86 and U.S. West Texas Intermediate to $59.53. flag Despite ongoing geopolitical tensions and drone strikes on Russian oil infrastructure, the resumption signals resilience in Russian energy exports. flag Market participants remain cautious due to potential disruptions, OPEC+’s planned output increases, and Western sanctions targeting Russian firms.

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