# Oil falls over 5% on Russia-Ukraine talk hopes, China lockdowns | Reuters

> Oil prices fell more than 5% on March 14, 2022, to their lowest in nearly two weeks. The decline followed hopes for progress toward ending Russia's invasion of Ukraine and a China travel ban that cast doubt on demand.

- Date: 2022-03-14 · published 2022-03-14T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5997-oil-falls-over-5-on-russia-ukraine-talk-hopes-china-lockdowns-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Hopes of a diplomatic end to the conflict would ease supply fears and lower energy costs, while China's travel restrictions signal weaker fuel and feed demand.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2022-03-14 | 5 | -18.4% | -4.5 | On March 14 oil fell over 5% on Russia-Ukraine talk hopes and China lockdown demand worries, directly within the window's final day. |
| BRENT | 2022-03-14 | 5 | -19.6% | -4.8 | On March 14 oil fell more than 5% on Russia-Ukraine talk hopes and China lockdowns hurting demand, which fell directly within the window's final day. |
| BRENT | 2022-03-15 | 5 | -21.1% | -5.6 | Brent fell over 5% on March 14 on hopes for Russia-Ukraine talks progress and China travel restrictions that cast doubt on demand. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-05-29 | [Oil falls on hopes for US-Iran ceasefire agreement \| Reuters](https://feedsoft.ai/events/12485-oil-falls-on-hopes-for-us-iran-ceasefire-agreement-reuters.md) | +4.6% | -23.5% |
| WTI | 2022-03-16 | [Oil dips on Russia-Ukraine talks, U.S. inventory data](https://feedsoft.ai/events/5995-oil-dips-on-russia-ukraine-talks-u-s-inventory-data.md) | +15.4% | +4.3% |
| WTI | 2025-08-05 | [Oil prices fall as OPEC+ output hikes counter Russia disruption concerns \| Reuters](https://feedsoft.ai/events/23233-oil-prices-fall-as-opec-output-hikes-counter-russia-disruption-concerns-reuters.md) | -3.4% | -1.7% |
| WTI | 2020-04-06 | [Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar \| Reuters](https://feedsoft.ai/events/53814-oil-falls-after-saudi-arabia-russia-delay-meeting-cushing-stockpiles-soar.md) | -21.1% | -13.4% |
| 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 | 2026-05-29 | [Oil falls on hopes for US-Iran ceasefire agreement \| Reuters](https://feedsoft.ai/events/12485-oil-falls-on-hopes-for-us-iran-ceasefire-agreement-reuters.md) | +2.5% | -21.2% |
| BRENT | 2022-03-16 | [Oil dips on Russia-Ukraine talks, U.S. inventory data](https://feedsoft.ai/events/5995-oil-dips-on-russia-ukraine-talks-u-s-inventory-data.md) | +15.6% | +2.0% |

## Sources

- reuters.com: https://www.reuters.com/business/oil-prices-slide-extending-last-weeks-decline-2022-03-14/

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