Brent Oil Hits $75 For First Time in 2019 as Russian Exports Cut

After 22 past bullish logistics events, Crude Oil (Brent) moved a median -0.7% over 5 sessions (45% higher; middle half -5.7% to +4.5%), and -1.2% over 20.

• Dec 11, 2017Brent crude oil hits 2½-year high on Forties pipeline outage-0.2%
• Dec 1, 2017Transportation constraints and export costs widen the Brent-WTI crude oil price spread-2.0%
• Mar 29, 2022CPC pipeline outage forces Kazakhstan to cut oil output by a fifth | Reuters-5.0%
• Aug 28, 2017Oil markets roiled as Harvey hits US petroleum industry+1.1%
• Nov 28, 2018Oil prices rise over 1% on outage in North Sea, expected OPEC supply cuts+2.9%

After 26 past bullish logistics events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (58% higher; middle half -5.1% to +9.5%), and +2.0% over 20.

• Dec 11, 2017Brent crude oil hits 2½-year high on Forties pipeline outage+0.1%
• Mar 29, 2022CPC pipeline outage forces Kazakhstan to cut oil output by a fifth | Reuters-3.5%
• Nov 28, 2018Oil prices rise over 1% on outage in North Sea, expected OPEC supply cuts+3.6%
• Mar 18, 2022Rates climbing for ocean, barge freight as war in Ukraine continues - Supply Chain Council of European Union | Scceu.org+10.3%
• Mar 23, 2022Oil jumps 5% as Caspian pipeline disruption adds to supply fears | Reuters-6.3%