# Oil edges higher as market weighs Russian supply cuts amid demand fears | Reuters

> Brent for April rose 22 cents to $86.61 and U.S. crude rose 42 cents to $80.14 as markets weighed Russia's planned March supply cuts against demand worries. Russia is the world's third-largest oil producer.

- Date: 2023-02-13 · published 2023-02-13T12:00:00.000Z
- Category: geopolitics · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/37491-oil-edges-higher-as-market-weighs-russian-supply-cuts-amid-demand-fears-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Supply cuts from a major producer support crude prices, raising diesel and freight costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-02 | [Oil rises slightly as market weighs mixed supply signals \| Reuters](https://feedsoft.ai/events/9316-oil-rises-slightly-as-market-weighs-mixed-supply-signals-reuters.md) | -1.5% | +5.6% |
| WTI | 2026-01-09 | [Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus \| Reuters](https://feedsoft.ai/events/11393-oil-gains-as-market-weighs-iran-russia-supply-risks-dealmaking-for-venezuela-in.md) | +2.4% | +10.3% |
| WTI | 2022-03-17 | [Oil surges 8% amid warnings of Russian supply shortages \| Reuters](https://feedsoft.ai/events/8482-oil-surges-8-amid-warnings-of-russian-supply-shortages-reuters.md) | +21.1% | +9.8% |
| WTI | 2024-12-03 | [Oil rises on fears about Lebanon, further OPEC+ supply cuts \| Reuters](https://feedsoft.ai/events/27114-oil-rises-on-fears-about-lebanon-further-opec-supply-cuts-reuters.md) | +0.4% | +5.8% |
| WTI | 2024-03-18 | [Oil prices inch higher amid attacks on Russian energy facilities \| Reuters](https://feedsoft.ai/events/31372-oil-prices-inch-higher-amid-attacks-on-russian-energy-facilities-reuters.md) | -0.9% | +5.3% |
| BRENT | 2026-10-02 | [Oil rises slightly as market weighs mixed supply signals \| Reuters](https://feedsoft.ai/events/9316-oil-rises-slightly-as-market-weighs-mixed-supply-signals-reuters.md) | +7.5% | +9.7% |
| BRENT | 2026-01-09 | [Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus \| Reuters](https://feedsoft.ai/events/11393-oil-gains-as-market-weighs-iran-russia-supply-risks-dealmaking-for-venezuela-in.md) | +3.7% | +9.6% |
| BRENT | 2022-03-17 | [Oil surges 8% amid warnings of Russian supply shortages \| Reuters](https://feedsoft.ai/events/8482-oil-surges-8-amid-warnings-of-russian-supply-shortages-reuters.md) | +23.0% | +7.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-falls-demand-concerns-impact-russian-output-cut-fades-2023-02-13/

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