# No shock and awe after U.S.-led emergency oil release: Kemp

> The U.S.-led emergency release of oil from strategic reserves was smaller than the market had expected. Front-month Brent futures rose by more than $2.60 per barrel on Tuesday, their largest one-day gain in three months. Prices had been trending lower since the start of the month before the rally.

- Date: 2021-11-25 · published 2021-11-25T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8416-no-shock-and-awe-after-u-s-led-emergency-oil-release-kemp
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A smaller-than-expected supply release removes the bearish shock traders had priced in, so crude prices rebounded. Higher crude lifts diesel and fertilizer costs and can support vegetable-oil and biofuel demand, which affects feed input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-12-01 | [Oil rises 3% to one-week high after U.S. taps emergency reserves](https://feedsoft.ai/events/44220-oil-rises-3-to-one-week-high-after-u-s-taps-emergency-reserves.md) | +6.8% | +9.0% |
| BRENT | 2019-02-13 | ['Shock and Awe' OPEC Oil Cuts Boost Prices](https://feedsoft.ai/events/60762-shock-and-awe-opec-oil-cuts-boost-prices.md) | +5.8% | +5.6% |
| BRENT | 2022-02-02 | [Oil edges higher after OPEC+ keeps to steady supply bump, U.S. stockpiles draw \| Reuters](https://feedsoft.ai/events/42628-oil-edges-higher-after-opec-keeps-to-steady-supply-bump-u-s-stockpiles-draw.md) | +4.1% | +20.3% |
| BRENT | 2022-10-19 | [Oil up in tight market as U.S. sets release of more reserves \| Reuters](https://feedsoft.ai/events/39280-oil-up-in-tight-market-as-u-s-sets-release-of-more-reserves-reuters.md) | +3.2% | +4.8% |
| BRENT | 2021-03-05 | [Oil surges after OPEC+ hold cuts, strong U.S. jobs growth](https://feedsoft.ai/events/48303-oil-surges-after-opec-hold-cuts-strong-u-s-jobs-growth.md) | +3.7% | -4.0% |
| WTI | 2021-12-01 | [Oil rises 3% to one-week high after U.S. taps emergency reserves](https://feedsoft.ai/events/44220-oil-rises-3-to-one-week-high-after-u-s-taps-emergency-reserves.md) | +8.8% | +15.8% |
| WTI | 2019-02-13 | ['Shock and Awe' OPEC Oil Cuts Boost Prices](https://feedsoft.ai/events/60762-shock-and-awe-opec-oil-cuts-boost-prices.md) | +5.6% | +7.1% |
| WTI | 2022-02-02 | [Oil edges higher after OPEC+ keeps to steady supply bump, U.S. stockpiles draw \| Reuters](https://feedsoft.ai/events/42628-oil-edges-higher-after-opec-keeps-to-steady-supply-bump-u-s-stockpiles-draw.md) | +1.3% | +25.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/no-shock-awe-after-us-led-emergency-oil-release-kemp-2021-11-24/

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