# Oil up $2/bbl on supply risks amid ongoing Keystone outage

> Oil prices rose about $2 a barrel on supply concerns linked to an ongoing outage on the Keystone pipeline. The article reports the move without a full account of volumes affected.

- Date: 2022-12-12 · published 2022-12-12T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/38399-oil-up-2-bbl-on-supply-risks-amid-ongoing-keystone-outage
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A pipeline outage that constrains Canadian crude delivery to the US can lift US crude prices, adding to diesel and freight costs for feed supply chains.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-11-28 | [Oil prices rise over 1% on outage in North Sea, expected OPEC supply cuts](https://feedsoft.ai/events/62234-oil-prices-rise-over-1-on-outage-in-north-sea-expected-opec-supply-cuts.md) | +3.6% | -10.3% |
| WTI | 2017-12-11 | [Brent crude oil hits 2½-year high on Forties pipeline outage](https://feedsoft.ai/events/67645-brent-crude-oil-hits-21-2-year-high-on-forties-pipeline-outage.md) | +0.1% | +10.0% |
| WTI | 2022-03-29 | [CPC pipeline outage forces Kazakhstan to cut oil output by a fifth \| Reuters](https://feedsoft.ai/events/42430-cpc-pipeline-outage-forces-kazakhstan-to-cut-oil-output-by-a-fifth-reuters.md) | -3.5% | -4.4% |
| WTI | 2022-03-23 | [Oil jumps 5% as Caspian pipeline disruption adds to supply fears \| Reuters](https://feedsoft.ai/events/8484-oil-jumps-5-as-caspian-pipeline-disruption-adds-to-supply-fears-reuters.md) | -6.3% | -7.8% |
| WTI | 2021-03-24 | [Oil gains more than $3/bbl after Suez Canal ship grounding](https://feedsoft.ai/events/48292-oil-gains-more-than-3-bbl-after-suez-canal-ship-grounding.md) | +4.8% | +6.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-climb-uncertainty-over-keystone-pipeline-restart-russian-supplies-2022-12-12/

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