# Oil extends rally on Kazakhstan unrest and Libyan outages

> Brent rose $1.19 to settle at $81.99 a barrel on January 6, 2022, and WTI gained to $79.46, after unrest in Kazakhstan and Libyan outages extended the rally. Brent hit its highest level since late November.

- Date: 2022-01-06 · published 2022-01-06T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43298-oil-extends-rally-on-kazakhstan-unrest-and-libyan-outages
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Supply disruptions in Kazakhstan and Libya add to tight crude balances, raising diesel and energy costs for feed producers. The effect is moderate given the scale of the outages.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-08-31 | [OPEC oil output slips from 2017 high on renewed Libyan outages](https://feedsoft.ai/events/69357-opec-oil-output-slips-from-2017-high-on-renewed-libyan-outages.md) | +5.8% | +13.5% |
| BRENT | 2022-04-18 | [Oil rises over 1% as Libya outages add to Russia supply fears](https://feedsoft.ai/events/42013-oil-rises-over-1-as-libya-outages-add-to-russia-supply-fears.md) | -4.8% | +0.5% |
| BRENT | 2026-04-29 | [Oil prices extend multi-day rally as Trump issues new threat to Iran](https://feedsoft.ai/events/19885-oil-prices-extend-multi-day-rally-as-trump-issues-new-threat-to-iran.md) | -1.9% | -16.4% |
| BRENT | 2022-06-30 | [Oil Ekes Out a Weekly Gain Amid Libya and Ecuador Export Woes - Bloomberg](https://feedsoft.ai/events/41109-oil-ekes-out-a-weekly-gain-amid-libya-and-ecuador-export-woes-bloomberg.md) | -11.8% | -8.8% |
| BRENT | 2024-10-22 | [Oil settles up 2% as Middle East war rages and supplies tighten](https://feedsoft.ai/events/28035-oil-settles-up-2-as-middle-east-war-rages-and-supplies-tighten.md) | -2.9% | +0.0% |
| WTI | 2017-08-31 | [OPEC oil output slips from 2017 high on renewed Libyan outages](https://feedsoft.ai/events/69357-opec-oil-output-slips-from-2017-high-on-renewed-libyan-outages.md) | +6.8% | +12.3% |
| WTI | 2022-04-18 | [Oil rises over 1% as Libya outages add to Russia supply fears](https://feedsoft.ai/events/42013-oil-rises-over-1-as-libya-outages-add-to-russia-supply-fears.md) | -4.0% | +3.4% |
| WTI | 2026-04-29 | [Oil prices extend multi-day rally as Trump issues new threat to Iran](https://feedsoft.ai/events/19885-oil-prices-extend-multi-day-rally-as-trump-issues-new-threat-to-iran.md) | +2.2% | -10.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/oil-falls-one-month-high-opec-supply-plans-us-fuel-inventory-surge-2022-01-06/

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