# COMMODITIES Rallies pause as markets digest Russia supply shock | Reuters

> Oil prices were down about 3% in midday trade, with Brent near $123.89 and WTI at $119.14. Markets paused after the rally that followed Russia's supply shock, and shippers were avoiding Russian cargoes under sanctions.

- Date: 2022-03-09 · published 2022-03-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5782-commodities-rallies-pause-as-markets-digest-russia-supply-shock-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Sanction-driven shipping hesitancy keeps energy prices elevated and supports costs for feed transport and processing. A pause in the rally offers only limited relief to feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/europe/commodities-rallies-pause-markets-digest-russia-supply-shock-2022-03-09/

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