# Oil settles down again; Russia to fulfil supply contracts

> Oil settled lower after a volatile session, a day after its biggest daily dive in two years. Brent settled at $109.33 and WTI at $106.02 after Russia pledged to meet its contractual energy obligations. Some traders argued that supply disruption fears were overdone.

- Date: 2022-03-10 · published 2022-03-10T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5781-oil-settles-down-again-russia-to-fulfil-supply-contracts
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Russia's pledge to keep supplying contracts reduces the risk of lost Russian crude, which lowers the energy price premium. Lower oil costs ease input pressure on feed and biofuel markets.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2022-03-14 | 5 | -19.6% | -4.8 | Russia's pledge to fulfil supply contracts and views that disruption fears were overdone pushed prices lower again on March 10. |
| BRENT | 2022-03-15 | 5 | -21.1% | -5.6 | Oil settled lower again as Russia pledged to honor supply contracts and traders judged disruption fears overdone. |
| WTI | 2022-03-14 | 5 | -18.4% | -4.5 | Oil settled lower again as Russia pledged to meet supply contracts and traders judged disruption fears overdone. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -1.6% | +9.9% |
| WTI | 2025-11-21 | [Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal \| MarketScreener](https://feedsoft.ai/events/22119-oil-prices-settle-down-at-lowest-in-a-month-as-us-seeks-russia-ukraine-peace.md) | -2.0% | -5.0% |
| WTI | 2026-10-29 | [Oil falls as efforts to revive US-Iran talks ease supply concerns](https://feedsoft.ai/events/1443-oil-falls-as-efforts-to-revive-us-iran-talks-ease-supply-concerns.md) | -2.3% | — |
| WTI | 2026-03-10 | [Oil Drops 15% as Leaders Move to Contain Supply Shock From Iran War - Bloomberg](https://feedsoft.ai/events/6629-oil-drops-15-as-leaders-move-to-contain-supply-shock-from-iran-war-bloomberg.md) | -1.3% | +20.4% |
| WTI | 2026-04-17 | [Oil settles down 9% after Iran declares Strait of Hormuz open \| Reuters](https://feedsoft.ai/events/8807-oil-settles-down-9-after-iran-declares-strait-of-hormuz-open-reuters.md) | +2.3% | +7.9% |
| BRENT | 2026-02-01 | [Oil settles down over 4% on US-Iran de-escalation, easing supply worries \| Reuters](https://feedsoft.ai/events/8794-oil-settles-down-over-4-on-us-iran-de-escalation-easing-supply-worries-reuters.md) | -3.1% | +0.6% |
| BRENT | 2025-11-21 | [Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal \| MarketScreener](https://feedsoft.ai/events/22119-oil-prices-settle-down-at-lowest-in-a-month-as-us-seeks-russia-ukraine-peace.md) | +0.2% | -5.1% |
| BRENT | 2026-10-29 | [Oil falls as efforts to revive US-Iran talks ease supply concerns](https://feedsoft.ai/events/1443-oil-falls-as-efforts-to-revive-us-iran-talks-ease-supply-concerns.md) | -5.4% | — |

## Sources

- cnbc.com: https://www.cnbc.com/2022/03/10/oil-markets-opec-russia-ukraine.html
- reuters.com: https://www.reuters.com/business/energy/oil-jumps-after-uae-says-it-is-committed-opec-supply-pact-2022-03-09/

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