# Oil falls 2% as Fed rate hike talk spooks risk markets

> Oil fell about 2% on Monday, with Brent at $86.27 and WTI at $83.31, as a stronger dollar and Fed rate-hike expectations weighed. Geopolitical risk from Ukraine tensions and Houthi missile attacks on the UAE provided some support.

- Date: 2022-01-24 · published 2022-01-24T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/43049-oil-falls-2-as-fed-rate-hike-talk-spooks-risk-markets
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher rates and a firmer dollar weigh on energy, which feeds into biofuel and input costs for feed and oilseed markets. Geopolitical premiums limit the downside.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-09-21 | [WTI Falls as USD Spikes to 20-Year High after Fed Rate Hike](https://feedsoft.ai/events/39497-wti-falls-as-usd-spikes-to-20-year-high-after-fed-rate-hike.md) | -6.9% | -1.7% |
| WTI | 2017-06-15 | [Fed rate hike draws mixed response from global markets](https://feedsoft.ai/events/70404-fed-rate-hike-draws-mixed-response-from-global-markets.md) | -5.1% | +2.9% |
| WTI | 2022-07-12 | [Oil falls 8% as global recession fears spook market \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/40647-oil-falls-8-as-global-recession-fears-spook-market-oil-and-gas-news-al-jazeera.md) | -1.5% | -12.2% |
| WTI | 2023-07-01 | [Oil drops 1.5% as Fed projects more rate hikes this year](https://feedsoft.ai/events/35655-oil-drops-1-5-as-fed-projects-more-rate-hikes-this-year.md) | +3.4% | +15.8% |
| WTI | 2023-03-07 | [Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider](https://feedsoft.ai/events/36780-oil-and-gold-prices-slump-as-powell-signals-further-rate-hikes-to-come-markets.md) | -7.1% | -0.0% |
| BRENT | 2026-07-28 | [Sterling slips as oil slides, US rate hike bets grow \| MarketScreener UK](https://feedsoft.ai/events/18614-sterling-slips-as-oil-slides-us-rate-hike-bets-grow-marketscreener-uk.md) | +2.6% | +5.9% |
| BRENT | 2017-06-15 | [Fed rate hike draws mixed response from global markets](https://feedsoft.ai/events/70404-fed-rate-hike-draws-mixed-response-from-global-markets.md) | -3.3% | +2.2% |
| BRENT | 2022-07-12 | [Oil falls 8% as global recession fears spook market \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/40647-oil-falls-8-as-global-recession-fears-spook-market-oil-and-gas-news-al-jazeera.md) | +0.7% | -9.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/01/24/oil-markets-middle-east-ukraine-russia-tensions-oil-demand.html

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