# Oil prices face big volatility as spare capacity dries up

> Oil markets face large price swings because spare production capacity is nearly exhausted. The article warns that hurricanes in the Gulf of Mexico or further falls in Russian exports could cause sharp moves.

- Date: 2022-06-08 · published 2022-06-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41134-oil-prices-face-big-volatility-as-spare-capacity-dries-up
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

With little spare capacity, any supply disruption can quickly lift crude and diesel prices, raising feed transport and processing costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-prices-face-big-volatility-spare-capacity-dries-up-2022-06-08/

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