# Oil prices fall most in 2 years as UAE supports output hike | Reuters

> Brent crude futures settled down $16.84, or 13.2%, to $111.14 a barrel, their biggest one-day decline since April 2020. U.S. crude fell $15.44, or 12.5%, to $108.70. The drop followed signs that the UAE would support a larger OPEC+ output increase.

- Date: 2022-03-09 · published 2022-03-09T12:00:00.000Z
- Category: policy · region Global · magnitude high
- Page: https://feedsoft.ai/events/5776-oil-prices-fall-most-in-2-years-as-uae-supports-output-hike-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A credible plan to add OPEC+ supply eases the energy price spike that had pushed up diesel and biofuel-linked feedstock costs. Lower crude weakens the energy-driven support under vegetable oil and corn-based biofuel prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2022-03-09 | 1 | -12.5% | -5.8 | Directly reports Brent's 13% settlement drop on 9 March, driven by UAE signals of support for a larger OPEC+ output increase, which eased supply fears. |
| BRENT | 2022-03-14 | 5 | -19.6% | -4.8 | UAE backing a bigger OPEC+ output hike triggered Brent's largest one-day drop since April 2020 (-13%) on March 9, a supply-expectation shift that drove much of the 5-day decline. |
| BRENT | 2022-03-15 | 5 | -21.1% | -5.6 | Brent fell 13.2% on March 9 as the UAE backed a bigger OPEC+ output increase, easing supply fears and driving the largest single-day drop in the window. |
| WTI | 2022-03-14 | 5 | -18.4% | -4.5 | The UAE's support for a larger OPEC+ output increase triggered the biggest one-day drop in two years, a supply-expectation shock. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-10-05 | [OPEC+ opts for modest oil output hike as glut fears mount \| Reuters](https://feedsoft.ai/events/22302-opec-opts-for-modest-oil-output-hike-as-glut-fears-mount-reuters.md) | -2.7% | -0.1% |
| BRENT | 2022-04-01 | [Oil falls most in 2 years after oil stockpile release](https://feedsoft.ai/events/11045-oil-falls-most-in-2-years-after-oil-stockpile-release.md) | -6.9% | +1.2% |
| BRENT | 2025-04-03 | [Oil dives more than 6%, steepest fall in 3 years on tariffs, OPEC+ supply boost \| Reuters](https://feedsoft.ai/events/6316-oil-dives-more-than-6-steepest-fall-in-3-years-on-tariffs-opec-supply-boost.md) | -12.8% | -18.2% |
| BRENT | 2025-09-28 | [EXCLUSIVE: OPEC+ plans another oil output hike in November, sources say \| Reuters](https://feedsoft.ai/events/22770-exclusive-opec-plans-another-oil-output-hike-in-november-sources-say-reuters.md) | -7.5% | -6.8% |
| BRENT | 2026-03-11 | [Oil prices fall as WSJ says IEA proposes largest oil stock release ever \| Reuters](https://feedsoft.ai/events/6632-oil-prices-fall-as-wsj-says-iea-proposes-largest-oil-stock-release-ever-reuters.md) | +19.2% | +21.1% |
| WTI | 2025-10-05 | [OPEC+ opts for modest oil output hike as glut fears mount \| Reuters](https://feedsoft.ai/events/22302-opec-opts-for-modest-oil-output-hike-as-glut-fears-mount-reuters.md) | -3.1% | +0.2% |
| WTI | 2022-04-01 | [Oil falls most in 2 years after oil stockpile release](https://feedsoft.ai/events/11045-oil-falls-most-in-2-years-after-oil-stockpile-release.md) | -4.4% | +4.2% |
| WTI | 2025-04-03 | [Oil dives more than 6%, steepest fall in 3 years on tariffs, OPEC+ supply boost \| Reuters](https://feedsoft.ai/events/6316-oil-dives-more-than-6-steepest-fall-in-3-years-on-tariffs-opec-supply-boost.md) | -13.1% | -16.5% |

## Sources

- reuters.com: https://www.reuters.com/business/oil-extends-rally-after-us-bans-russian-imports-prompting-supply-fears-2022-03-09/

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