# Oil rises, but posts second straight losing week

> Oil prices posted a second straight weekly loss on Friday, March 18, 2022, but held above $100 a barrel. Brent rose about 1.2% on the day after a volatile week, and traders were weighing the lack of replacement for Russian barrels and talks between Russia and Ukraine.

- Date: 2022-03-18 · published 2022-03-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8486-oil-rises-but-posts-second-straight-losing-week
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

This is routine price action with no new supply cause, so it signals that the elevated crude level persists without changing the near-term outlook for feed input costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2022-03-21 | 5 | +16.7% | 3.1 | Oil held above $100 on March 18 after a volatile week, setting the low base from which the rebound to March 21 was measured. |

## Sources

- cnbc.com: https://www.cnbc.com/2022/03/18/oil-markets-russia-ukraine-talks.html

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