# Oil steadies after choppy trade, U.S. says export ban not ruled out

> Brent settled at $113.56 and WTI fell 52 cents to $109.77 on May 24. Prices turned negative after US Energy Secretary Granholm said President Biden had not ruled out export restrictions to ease domestic fuel prices.

- Date: 2022-05-24 · published 2022-05-24T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/41562-oil-steadies-after-choppy-trade-u-s-says-export-ban-not-ruled-out
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Possible US fuel export curbs could redirect product flows and reshape global diesel pricing, affecting energy input costs for feed producers.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-10-05 | [Oil rises after OPEC+ hikes output less than expected \| Reuters](https://feedsoft.ai/events/22303-oil-rises-after-opec-hikes-output-less-than-expected-reuters.md) | -3.1% | +0.2% |
| WTI | 2021-09-01 | [Oil steadies; OPEC+ sticks to gradual output hikes \| Reuters](https://feedsoft.ai/events/44979-oil-steadies-opec-sticks-to-gradual-output-hikes-reuters.md) | +1.3% | +9.5% |
| WTI | 2026-07-05 | [OPEC+ approves further oil output increase as Hormuz exports start to recover \| Reuters](https://feedsoft.ai/events/18249-opec-approves-further-oil-output-increase-as-hormuz-exports-start-to-recover.md) | +3.9% | +23.4% |
| WTI | 2018-11-03 | [U.S. allows eight importers to keep buying Iran oil for now \| Reuters](https://feedsoft.ai/events/9153-u-s-allows-eight-importers-to-keep-buying-iran-oil-for-now-reuters.md) | -4.7% | -16.1% |
| WTI | 2018-08-08 | [Iran says OPEC may need extraordinary meeting over output changes](https://feedsoft.ai/events/63441-iran-says-opec-may-need-extraordinary-meeting-over-output-changes.md) | -3.1% | -0.7% |
| BRENT | 2025-06-27 | [Oil steadies after report of planned OPEC+ August output hike \| Reuters](https://feedsoft.ai/events/24128-oil-steadies-after-report-of-planned-opec-august-output-hike-reuters.md) | +2.1% | +2.4% |
| BRENT | 2022-08-30 | [Palm Oil Rises After Indonesia Raises Export Tax, Biodiesel Use](https://feedsoft.ai/events/15797-palm-oil-rises-after-indonesia-raises-export-tax-biodiesel-use.md) | -9.2% | -19.2% |
| BRENT | 2017-07-24 | [Oil gains after Saudi vows to cap crude exports next month](https://feedsoft.ai/events/70156-oil-gains-after-saudi-vows-to-cap-crude-exports-next-month.md) | +9.4% | +8.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-prices-ease-concerns-over-recession-weaker-consumption-2022-05-24/

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