Oil prices are rising today after a Ukrainian drone struck the key Russian export port on the Black Sea — Novorossiysk — damaging a docked vessel and causing fires at the Sheskharis oil terminal.
This is one of the most important export points for Russian crude and refined products, handling around 760,000 barrels per day. Therefore, any disruption to this port immediately triggered concerns about supply stability. The attack is part of a broader Ukrainian campaign targeting Russian energy infrastructure, just weeks after a previous strike on facilities in Tuapse. Repeated attacks increase the risk of further supply interruptions at a time when the Kremlin is already struggling with logistics issues resulting from tightening Western sanctions on Rosneft and Lukoil.
Although Brent and WTI prices initially surged by as much as 2.50% in early trading to around $60.50 per barrel after the attack, overall market sentiment remains muted. At present, oil remains 1.40% higher on the day — at $59.40.
DE40: European markets extend decline
UK: pound and bonds tumble
Morning Wrap (14.11.2025)
Daily Summary: Shutdown ends, rate cut fades and risk is off
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
