# Oil Price’s Wild Moves Are Forcing Traders Off the Crude Market - Bloomberg

> Crude prices spiked after Russia's invasion of Ukraine triggered sanctions and market disruption, then collapsed as traders closed positions after Brent's peak. The sharp swings are pushing traders out of the crude market.

- Date: 2022-03-16 · published 2022-03-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5994-oil-price-s-wild-moves-are-forcing-traders-off-the-crude-market-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Erratic crude moves raise hedging costs and uncertainty for energy and freight inputs used in feed supply chains.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2022-03-14 | 5 | -19.6% | -4.8 | Traders closed positions after Brent's peak, which amplified the price collapse. |
| BRENT | 2022-03-15 | 5 | -21.1% | -5.6 | Traders closed positions after the peak, amplifying the collapse through forced liquidation. |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-03-16/oil-s-wild-gyrations-are-bucking-traders-off-the-crude-market

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