European Oil Stocks Slide as Geopolitical Premium Eases -- Market Talk

Dow Jones11-21

0840 GMT - Oil stocks fall in opening trade as prices weaken on easing geopolitical tensions. Brent crude is down 1.5% to $62.45 a barrel and WTI is down 1.8% to $57.96 a barrel. The fall comes as peace plan between Ukraine and Russia appears to progress. Meanwhile, traders are skeptical that the latest sanctions on Russia's Rosneft and Lukoil will be effective, given that Lukoil's share of oil from an Iraqi field continues to enter the market, ANZ analysts write. In London, Shell and BP fall by more than 1% while Harbour Energy drops around 4%. France's TotalEnergies slides 1.8%. Spain's Repsol falls 3.5% and Italy's Eni drops 1.5%. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

November 21, 2025 03:40 ET (08:40 GMT)

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In London, Shell and BP fall by more than 1% while Harbour Energy drops around 4%. France's TotalEnergies slides 1.8%. Spain's Repsol falls 3.5% and Italy's Eni drops 1.5%. 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Brent crude is down 1.5% to $62.45 a barrel and WTI is down 1.8% to $57.96 a barrel. The fall comes as peace plan between Ukraine and Russia appears to progress. Meanwhile, traders are skeptical that the latest sanctions on Russia's Rosneft and Lukoil will be effective, given that Lukoil's share of oil from an Iraqi field continues to enter the market, ANZ analysts write. In London, Shell and BP fall by more than 1% while Harbour Energy drops around 4%. France's TotalEnergies slides 1.8%. Spain's Repsol falls 3.5% and Italy's Eni drops 1.5%. 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