{"id":16088,"date":"2025-11-17T08:05:10","date_gmt":"2025-11-17T08:05:10","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=16088"},"modified":"2025-11-17T08:05:10","modified_gmt":"2025-11-17T08:05:10","slug":"global-crude-oil-prices-today-november-17-2025-brent-oil-price-fell-to-63-81","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/16088\/","title":{"rendered":"Global crude oil prices today (November 17, 2025) \/ Brent oil price fell to $63.81"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Oil prices fell sharply in early Asian trading on Monday, giving back all of last week\u2019s gains, after Russia\u2019s key Black Sea export terminal at Novorossiysk resumed crude loadings following a two-day suspension triggered by a Ukrainian drone attack.<\/p>\n

Brent crude futures were down 58 cents, or 0.9%, at $63.81 a barrel by 0050 GMT. U.S. West Texas Intermediate (WTI) crude dropped 59 cents, or 1.0%, to $59.50 a barrel.<\/p>\n

Both benchmarks had jumped more than 2% on Friday when the Novorossiysk shutdown \u2014 together with a neighbouring Caspian Pipeline Consortium terminal \u2014 briefly removed the equivalent of roughly 2% of global supply from the market.<\/p>\n

Industry sources and LSEG shipping data confirmed that loadings at Novorossiysk restarted on Sunday. Yet the broader threat of Ukrainian strikes on Russian energy infrastructure continues to hang over the market.<\/p>\n

Over the weekend, Kyiv claimed successful hits on the Ryazan refinery on Saturday and the Novokuibyshevsk refinery in the Samara region on Sunday, adding to a growing list of attacks on Russia\u2019s refining and export capacity.<\/p>\n

\u201cTraders are taking profits after Friday\u2019s spike while trying to assess whether Ukraine\u2019s campaign will cause lasting damage to Russian exports,\u201d said Toshitaka Tazawa, analyst at Fujitomi Securities. \u201cThe dominant view remains oversupply, especially with OPEC+ still adding barrels.\u201d<\/p>\n

Market participants are also watching fresh Western sanctions. Washington has announced bans on dealings with Russia\u2019s Lukoil and Rosneft after November 21, and President Donald Trump said on Sunday that Republicans are drafting legislation to sanction any country continuing business with Moscow \u2014 with Iran potentially next on the list.<\/p>\n

Meanwhile, OPEC+ confirmed earlier this month that it will raise December output by 137,000 barrels per day, matching the increases seen in October and November, though it agreed to pause further hikes in the first quarter of 2026.<\/p>\n

In the United States, the oil rig count rose by three to 417 in the week to November 14, according to Baker Hughes data released Friday, signalling steady domestic production growth.<\/p>\n

Analysts expect WTI to remain range-bound near $60 in the near term, with geopolitical risks on one side and abundant supply on the other.<\/p>\n

Updated on