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Oil settled lower after a volatile session, a day after its biggest daily dive in two years. Brent settled at $109.33 and WTI at $106.02 after Russia pledged to meet its contractual energy obligations.
Some traders argued that supply disruption fears were overdone.
Russia's pledge to keep supplying contracts reduces the risk of lost Russian crude, which lowers the energy price premium. Lower oil costs ease input pressure on feed and biofuel markets.
cnbc.comReuters10 mar 2022
reuters.comShariq Khan10 mar 2022Tras 255 eventos bajista de geopolítica pasados, Petróleo crudo (WTI) se movió una mediana de -2,4 % en 5 sesiones (31% al alza; mitad central entre -7,0 % y +1,7 %), y -5,0 % en 20.
Tras 250 eventos bajista de geopolítica pasados, Petróleo crudo (Brent) se movió una mediana de -3,1 % en 5 sesiones (36% al alza; mitad central entre -7,9 % y +1,6 %), y -5,5 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Russia's pledge to fulfil supply contracts and views that disruption fears were overdone pushed prices lower again on March 10.
Oil settled lower again as Russia pledged to honor supply contracts and traders judged disruption fears overdone.
Oil settled lower again as Russia pledged to meet supply contracts and traders judged disruption fears overdone.
