# Oil extends gains after settlement on new sanctions on Russian oil companies | Reuters

> Oil prices extended gains after settlement on new US sanctions against Russian oil companies. Brent was up about 5% at $64.35 and WTI rose 2.4% to $59.92.

- Date: 2025-10-22 · published 2025-10-22T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8131-oil-extends-gains-after-settlement-on-new-sanctions-on-russian-oil-companies
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Sanctions on major Russian producers reduce expected supply and support crude prices. Higher crude costs feed into diesel and freight for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2025-10-22 | 1 | +3.8% | 3.5 | Oil extended gains on Oct 22 after the sanctions announcement, with Brent up about 5%, which is the supply-risk shock behind the move. |
| BRENT | 2025-10-23 | 1 | +6.5% | 4.0 | Reports Brent extending gains about 5% after the sanctions news, confirming the supply-shock price reaction. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-10-23 | [Putin defiant after Trump sanctions Russian oil companies over Ukraine \| Reuters](https://feedsoft.ai/events/8127-putin-defiant-after-trump-sanctions-russian-oil-companies-over-ukraine-reuters.md) | +4.1% | +1.9% |
| BRENT | 2025-10-22 | [US hits top Russian oil companies with sanctions, EU bans Russian LNG \| Reuters](https://feedsoft.ai/events/8128-us-hits-top-russian-oil-companies-with-sanctions-eu-bans-russian-lng-reuters.md) | +5.0% | +6.1% |
| BRENT | 2025-01-13 | [China, India seek new supplies as US sanctions tighten grip on Russian oil \| Reuters](https://feedsoft.ai/events/26685-china-india-seek-new-supplies-as-us-sanctions-tighten-grip-on-russian-oil.md) | +2.7% | -6.4% |
| BRENT | 2025-10-23 | [Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes \| AP News](https://feedsoft.ai/events/8129-pump-prices-could-rise-after-us-eu-hit-russian-oil-companies-with-new-sanctions.md) | +4.1% | +1.9% |
| BRENT | 2025-10-22 | [Oil surges 5% after US sanctions Russian firms Rosneft, Lukoil \| Reuters](https://feedsoft.ai/events/8126-oil-surges-5-after-us-sanctions-russian-firms-rosneft-lukoil-reuters.md) | +5.0% | +6.1% |
| WTI | 2025-10-23 | [Putin defiant after Trump sanctions Russian oil companies over Ukraine \| Reuters](https://feedsoft.ai/events/8127-putin-defiant-after-trump-sanctions-russian-oil-companies-over-ukraine-reuters.md) | +3.3% | +1.6% |
| WTI | 2025-10-23 | [Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes \| AP News](https://feedsoft.ai/events/8129-pump-prices-could-rise-after-us-eu-hit-russian-oil-companies-with-new-sanctions.md) | +3.3% | +1.6% |
| WTI | 2025-10-22 | [Oil surges 5% after US sanctions Russian firms Rosneft, Lukoil \| Reuters](https://feedsoft.ai/events/8126-oil-surges-5-after-us-sanctions-russian-firms-rosneft-lukoil-reuters.md) | +4.0% | +4.9% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-maintains-gains-supply-risks-us-plan-refill-strategic-reserves-2025-10-22/

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