The Nov’25 Brent Futures Contract fell this afternoon, dropping nearly $2 from $69.03/bbl at 13:00 BST to $67.87/bbl at 17:46 BST (time of writing). Kurdistan also restarted crude oil flows on Saturday, with export volumes expected to reach full capacity over the next few days, effectively pushing prices down. The Algerian government has seen declining revenues from oil and gas, pushing them to plan a seven-year Islamic bond issue of $2.3 billion, as quoted by Bloomberg. In other geopolitical news, US President Trump hosted Israeli Prime Minister Benjamin Netanyahu for pivotal talks on Monday to press him to back a Gaza peace proposal, according to Reuters. Finally, the front-month Nov/Dec and 6-month Nov/May spreads are at $0.82/bbl and $1.93/bbl respectively.
