According to the Shahr-e-Bourse, oil prices in global markets rose more than 2 percent today, Friday, November 14, 2025. Ukrainian drone attacks on Russian oil facilities and the suspension of exports from the port of Novorossiysk have raised investors’ concerns about disruptions in global supply.
The price of a barrel of North Sea Brent crude rose $1.38, or 2.19 percent, to $64.39. US West Texas Intermediate (WTI) crude also rose $1.40, or 2.39 percent, to $60.9.
Weekly oil price changes
Last week, Brent crude rose 1.2 percent and WTI crude rose 0.6 percent.
Brent Oil 64.39 +2.19% +1.2%
WTI Oil 60.09 +2.39% +0.6%
Novorossiysk Port Exports Halted
Russia has halted daily exports of 2.2 million barrels of oil from the Novorossiysk port, equivalent to 2 percent of global oil supply, industry sources said. The move comes after Ukrainian drone attacks on refineries and fuel storage tanks in Russia.
New sanctions and market impact
Along with these events, the US has imposed new sanctions on Russian oil companies including Lukoil and Rosneft. Under the sanctions, transactions with these companies will be prohibited from November 21.
On the other hand, the number of active oil wells in the US has also increased by 3 to 417, which may help increase domestic production.
