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Brent settled unchanged at $96.84 after hitting $99.50, its highest since September 2014, on Tuesday. WTI ended up 19 cents at $92.10 as traders assessed that the US was unlikely to sanction Russian oil exports.
Expectations that Russian crude exports will not be sanctioned limit upside in crude, though the market remains elevated on the broader supply risk.
reuters.comLaura SanicolaFeb 23, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
