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Commodities

Oil slips as Novorossiysk resumes loadings; supply-risk premium cools

Crude prices eased Monday, giving back part of Friday’s surge after tanker-tracking data showed Russia’s Novorossiysk port had resumed crude loadings, tempering immediate fears of a supply shock. Brent (Jan) down 0.7% to $63.97/bbl WTI down 0.7% to $59.52/bbl (04:35 ET) Supply scare fades—but risk linger remains Friday’s 2%+ rally …

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Weekly market recap: Fed is expected to send cautious messages after reopening

Last week in the financial markets was packed with significant developments—both on the economic front, with new data and fresh indicators, and on the political front, culminating in the end of the government shutdown. Beyond that, global equity movements drew considerable attention, accompanied by mounting concerns over a potential bubble …

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Oil jumps after reported drone strike on Russian Black Sea hub; sanctions risk lifts supply premium despite glut fears

Crude prices surged in Asian trade Friday after reports that a Ukrainian drone strike damaged infrastructure at Novorossiysk, a key Russian Black Sea export hub, adding a fresh supply-risk premium just as markets brace for new U.S. sanctions on Moscow’s largest oil firms. At 03:03 GMT, Brent January futures rose …

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