# What’s Behind Oil’s Movements? | Plus500

> Plus500 reports that crude fell about 0.1% and Brent about 1% on Monday, January 30, as traders weighed the pace of China's demand recovery and possible EU bans on Russian petroleum product shipments starting February 5. Shipments ahead of the ban may have raised near-term supply.

- Date: 2023-01-30 · published 2023-01-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37953-what-s-behind-oil-s-movements-plus500
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Expected EU sanctions on Russian product shipments could tighten diesel supply later, while near-term front-loaded exports weigh on prices.

## Read by commodity

- WTI: neutral
- BRENT: neutral
- DIESEL: bullish ▲

## Sources

- plus500.com: https://www.plus500.com/en-sc/newsandmarketinsights/what-behind-oil-price-movements

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