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Oil markets showed some interesting movement today. Brent crude dipped initially when news broke that Russia's Novorossiysk port was back online after dealing with a drone strike.
The port handles a massive chunk of Russia's crude exports, so any disruption typically spooks traders. But once operations resumed, the immediate supply concern eased off—hence the initial slide in prices.
This kind of geopolitical jitter reminds us how quickly sentiment can shift in commodity markets. For those tracking macro conditions that ripple into risk assets, energy price swings remain a key indicator worth watching. Supply shocks tend to cascade through traditional and digital markets alike.