# Oil prices signal more balanced supply-demand outlook

> Brent's front-month futures closed at $98 a barrel on April 11, roughly the level before Russia's February 24 invasion of Ukraine. Calendar spreads have softened significantly and are trading lower.

- Date: 2022-04-12 · published 2022-04-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/42027-oil-prices-signal-more-balanced-supply-demand-outlook
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Narrowing spreads and a return to pre-invasion prices signal a less tight crude market, reducing pressure on diesel and freight costs. This points to easing energy-driven input costs.

## Read by commodity

- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-signal-more-balanced-supply-demand-outlook-kemp-2022-04-12/

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