# Oil Prices Don’t Fully Reflect Russian Supply Risks, Says Vitol - Bloomberg

> Brent rose to nearly $140 a barrel after Russia's invasion of Ukraine in late February, then fell 13% the previous week to around $104. Vitol argues the market is not fully pricing in the risk of Russian supply losses.

- Date: 2022-04-03 · published 2022-04-03T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11047-oil-prices-don-t-fully-reflect-russian-supply-risks-says-vitol-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

If Russian export flows are disrupted, global crude supply could tighten sharply, which would support prices. The current price may therefore understate the upside risk from sanctions or export losses.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-03-20 | [Oil Surges On Growing Supply Fears as EU Considers Russian Ban - Bloomberg](https://feedsoft.ai/events/8485-oil-surges-on-growing-supply-fears-as-eu-considers-russian-ban-bloomberg.md) | +9.5% | +0.8% |
| BRENT | 2024-11-03 | [OPEC+ Delays Supply Restart Again as Crude Prices Struggle - Bloomberg](https://feedsoft.ai/events/27302-opec-delays-supply-restart-again-as-crude-prices-struggle-bloomberg.md) | +0.8% | +0.2% |
| BRENT | 2019-09-19 | [Oil prices rise as Saudi supply risks come into focus](https://feedsoft.ai/events/57239-oil-prices-rise-as-saudi-supply-risks-come-into-focus.md) | -2.4% | -7.2% |
| BRENT | 2025-03-31 | [Oil prices climb 2% to five-week high on Russia, Iran supply worries](https://feedsoft.ai/events/25748-oil-prices-climb-2-to-five-week-high-on-russia-iran-supply-worries.md) | -9.7% | -11.0% |
| BRENT | 2023-03-28 | [Oil prices rise on Kurdish supply risks and banking relief \| Reuters](https://feedsoft.ai/events/37042-oil-prices-rise-on-kurdish-supply-risks-and-banking-relief-reuters.md) | +10.2% | +5.2% |
| WTI | 2022-03-20 | [Oil Surges On Growing Supply Fears as EU Considers Russian Ban - Bloomberg](https://feedsoft.ai/events/8485-oil-surges-on-growing-supply-fears-as-eu-considers-russian-ban-bloomberg.md) | +10.3% | +3.4% |
| WTI | 2024-11-03 | [OPEC+ Delays Supply Restart Again as Crude Prices Struggle - Bloomberg](https://feedsoft.ai/events/27302-opec-delays-supply-restart-again-as-crude-prices-struggle-bloomberg.md) | +1.3% | -2.1% |
| WTI | 2026-03-09 | [Crop Prices Jump as War Snarls Trade and Risks Tightening Supply - Bloomberg](https://feedsoft.ai/events/20242-crop-prices-jump-as-war-snarls-trade-and-risks-tightening-supply-bloomberg.md) | +8.5% | +25.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-04-03/oil-prices-don-t-fully-reflect-russian-supply-risks-says-vitol

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