# Oil dips on Russia-Ukraine talks, U.S. inventory data

> Oil prices dipped on Russia-Ukraine talks and U.S. inventory data. The IEA warned that about 3 mb/d of Russian oil and products may not reach the market from April, though demand would also fall.

- Date: 2022-03-16 · published 2022-03-16T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5995-oil-dips-on-russia-ukraine-talks-u-s-inventory-data
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Potential loss of Russian barrels supports energy prices, while talks offset some of that supply concern and keep crude and diesel costs volatile for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-03-14 | [Oil falls over 5% on Russia-Ukraine talk hopes, China lockdowns \| Reuters](https://feedsoft.ai/events/5997-oil-falls-over-5-on-russia-ukraine-talk-hopes-china-lockdowns-reuters.md) | -4.2% | -10.1% |
| WTI | 2025-11-28 | [Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting \| Reuters](https://feedsoft.ai/events/22135-oil-falls-on-drawn-out-ukraine-peace-talks-all-eyes-on-upcoming-opec-meeting.md) | +1.7% | -3.6% |
| WTI | 2026-05-27 | [Oil settles 5% lower as investors await updates on US-Iran peace deal talks \| Reuters](https://feedsoft.ai/events/12486-oil-settles-5-lower-as-investors-await-updates-on-us-iran-peace-deal-talks.md) | -0.2% | -26.3% |
| 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 | 2020-03-06 | [Oil takes biggest daily dive in over a decade as Russia, OPEC split](https://feedsoft.ai/events/4421-oil-takes-biggest-daily-dive-in-over-a-decade-as-russia-opec-split.md) | -31.3% | -45.0% |
| BRENT | 2022-03-14 | [Oil falls over 5% on Russia-Ukraine talk hopes, China lockdowns \| Reuters](https://feedsoft.ai/events/5997-oil-falls-over-5-on-russia-ukraine-talk-hopes-china-lockdowns-reuters.md) | -3.7% | -11.6% |
| BRENT | 2025-11-28 | [Oil falls on drawn-out Ukraine peace talks, all eyes on upcoming OPEC+ meeting \| Reuters](https://feedsoft.ai/events/22135-oil-falls-on-drawn-out-ukraine-peace-talks-all-eyes-on-upcoming-opec-meeting.md) | +0.1% | -2.4% |
| BRENT | 2026-05-27 | [Oil settles 5% lower as investors await updates on US-Iran peace deal talks \| Reuters](https://feedsoft.ai/events/12486-oil-settles-5-lower-as-investors-await-updates-on-us-iran-peace-deal-talks.md) | -3.9% | -24.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-climb-russia-ukraine-ceasefire-talks-stoke-volatile-trading-2022-03-16/

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