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Oil Prices Were Pushed Lower by Potential Progress in Ukraine-Russia Talks, and by the Worsening COVID Situation in China

March 15, 2022
Recap: Oil futures fell sharply on Monday, extending last week’s decline. Oil prices were pushed lower by potential progress in Ukraine-Russia talks, and by the worsening COVID situation in China. WTI crude for April delivery fell $6.32, or 5.8%, to settle at $103.01 a barrel, af ... Read More

Oil Futures Rose on Friday, But Declined for the Week as Traders Weighed Headlines Around Russia and Iran Suggesting More Possible Supply Disruptions

March 14, 2022
Recap: Oil futures rose on Friday, but declined for the week as traders weighed headlines around Russia and Iran suggesting more possible supply disruptions, versus those promising remedies in a tight market. Oil futures have been rocked by Russia’s invasion of Ukraine.  U.S. Pre ... Read More

Oil Prices Gave Up Early Gains on Thursday After its Biggest Plunge in Two Years in the Previous Session

March 11, 2022
Recap: Oil prices gave up early gains on Thursday after its biggest plunge in two years in the previous session, as traders debated if the market’s supply disruption concerns were overdone after Russia pledged to fulfill contractual obligations. Since the Russian invasion of Ukra ... Read More

Oil Futures Tumbled on Wednesday, Paring Gains So Far This Month Amid Supply Disruptions Stemming from Russia's Invasion of Ukraine

March 10, 2022
Recap: Oil futures tumbled on Wednesday, paring gains so far this month amid supply disruptions stemming from Russia’s invasion of Ukraine. April WTI fell 12%, or $15, to settle at $108.7 a barrel, its worst day since November 26, after topping $130 per barrel earlier in the week ... Read More

Oil Futures Jumped for the Third Straight Session, as Supplies in the Global Crude Oil Market Remained Constrained

March 9, 2022
Recap:  Oil futures jumped for the third straight session, as supplies in the global crude oil market remained constrained. Exacerbating the tight supply situation is the Russian invasion of Ukraine and the U.S. imposition of an embargo on Russian imports. Oil prices have already ... Read More

Oil Prices Spiked to Their Highest Levels Since 2008 on Monday Amid Market Supply Fears

March 8, 2022
Recap: Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered banning Russian oil imports and prospects for a swift return of Iranian crude to global markets receded. Brent topped the session at ... Read More

Crude Prices Posted Their Largest Weekly Gains Since the Middle of 2020

March 7, 2022
Recap: Oil futures jumped 7% on Friday, ending the week at multi-year highs as Russia’s invasion of Ukraine intensified and oil buyers turned barrels away from the world’s second-largest exporter of crude oil. Crude prices posted their largest weekly gains since the middle of 202 ... Read More

Oil Futures Slipped on Thursday After Reaching an Almost Ten-Year High

March 4, 2022
Recap: Oil futures slipped on Thursday after reaching an almost ten-year high, as sellers jumped on hopes that the U.S. and Iran will agree soon on a nuclear deal that could add barrels to a badly undersupplied market. Trading was explosive, with traders pushing the price of a ba ... Read More

Oil Futures Rose for the Third Straight Session on Wednesday, with WTI Ending at its Highest Level in More Than a Decade

March 3, 2022
Recap: Oil futures rose for the third straight session on Wednesday, with WTI ending at its highest level in more than a decade. Oil prices were trading higher with no end in sight to the Russian invasion of Ukraine, which threatens to disrupt global crude supplies and were given ... Read More

Oil Futures Surged As Much As 11.5% on Tuesday, As Global Agreement to Release Crude Reserves Failed to Calm Fears About Supply Disruptions From Russia’s Invasion of Ukraine

March 2, 2022
Recap: Oil futures surged as much as 11.5% on Tuesday, as global agreement to release crude reserves failed to calm fears about supply disruptions from Russia’s invasion of Ukraine, and instead underscored about growing disruptions. Members of the International Energy Agency (IEA ... Read More
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