Novorossiysk: Oil prices fell slightly at settlement Monday as loading operations resumed at Russia’s main export hub in Novorossiysk, after a two-day halt caused by a Ukrainian attack on the Black Sea port.

According to Qatar News Agency, Brent crude slipped 19 cents, or 0.3 percent, to close at $64.20 a barrel. US West Texas Intermediate crude futures also fell 18 cents, representing a 0.3 percent decline, to settle at $59.91 a barrel.

The resumption of operations at the Russian export hub is seen as a relief for global oil markets, which were anticipating potential supply disruptions due to the attack. The swift return to normalcy at Novorossiysk helped stabilize prices, although the market remains sensitive to geopolitical tensions in the region.