# Oil prices fall after truce in Middle East conflict, petroleum reserve news | Reuters

> Oil prices fell at the start of Asian trade after the UAE and the Houthi group welcomed a two-month truce that would halt military operations on the Saudi-Yemeni border. The losses followed the prior week's roughly 13% drop triggered by the U.S. reserve release.

- Date: 2022-04-03 · published 2022-04-03T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/11046-oil-prices-fall-after-truce-in-middle-east-conflict-petroleum-reserve-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A truce lowers the risk of supply disruption from the Middle East, which removes some geopolitical premium from crude. Combined with the reserve release, it weighs on near-term price direction.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-10-29 | [Arab News \| Oil prices fall as peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/1439-arab-news-oil-prices-fall-as-peace-hopes-offset-fears-of-growing-middle-east.md) | -5.4% | — |
| BRENT | 2026-10-29 | [Oil prices fall as peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/251-oil-prices-fall-as-peace-hopes-offset-fears-of-growing-middle-east-conflict.md) | -5.4% | — |
| BRENT | 2025-06-30 | [Oil prices fall on easing Middle East risks](https://feedsoft.ai/events/24130-oil-prices-fall-on-easing-middle-east-risks.md) | +1.6% | +0.4% |
| BRENT | 2026-03-22 | [Oil prices plunge 11% on US-Iran talks to resolve hostilities in the Middle East \| Reuters](https://feedsoft.ai/events/8153-oil-prices-plunge-11-on-us-iran-talks-to-resolve-hostilities-in-the-middle-east.md) | +1.5% | -13.8% |
| BRENT | 2026-03-10 | [Oil dives, settles down 11% after Trump predicts Middle East de-escalation \| Reuters](https://feedsoft.ai/events/6628-oil-dives-settles-down-11-after-trump-predicts-middle-east-de-escalation-reuters.md) | +4.1% | +27.2% |
| WTI | 2026-10-29 | [Arab News \| Oil prices fall as peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/1439-arab-news-oil-prices-fall-as-peace-hopes-offset-fears-of-growing-middle-east.md) | -2.3% | — |
| WTI | 2026-10-29 | [Oil prices fall as peace hopes offset fears of growing Middle East conflict](https://feedsoft.ai/events/251-oil-prices-fall-as-peace-hopes-offset-fears-of-growing-middle-east-conflict.md) | -2.3% | — |
| WTI | 2026-10-29 | [Oil Prices Ease After Rally, Yemen Conflict Keeps Traders On Edge](https://feedsoft.ai/events/259-oil-prices-ease-after-rally-yemen-conflict-keeps-traders-on-edge.md) | -2.3% | — |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-set-open-after-largest-weekly-fall-2-yrstraders-await-spr-details-2022-04-03/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.