Oil Prices Remain Stable as Loadings Restart at Russian Export Terminal

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 17 2025

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Source: Reuters

Oil Prices Stabilize: Oil prices steadied as loadings resumed at Russia's Novorossiysk export hub following a two-day suspension due to a Ukrainian attack, with Brent crude at $64.46 and WTI at $60.12.
Impact of Ukraine Attacks: Investors are concerned about the long-term effects of Ukraine's military actions on Russian crude exports, particularly after strikes on Russian oil refineries.
Sanctions and Supply Risks: The U.S. is implementing sanctions on Russian oil companies, and there are rising supply risks from Ukraine's drone attacks and Iran's seizure of a tanker in the Gulf of Oman.
Market Outlook: Analysts expect the oil market to remain in surplus through 2026, with some predicting price dips in the short term but a more positive outlook for the second half of 2026.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.