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Brent was trading near $126 to $131 and WTI near $120 to $126 as investors weighed the US ban on Russian oil imports. Traders said the ban might not worsen the supply shock, and Russia announced a ceasefire to let civilians leave Ukraine.
The IEA's 60 million barrel reserve release was described as an initial response.
Doubts that the US import ban would tighten supply capped crude prices near record levels. Energy costs remain elevated, which keeps pressure on feed and biofuel margins.
cnbc.comReuters9 mrt 2022Na 63 eerdere neutraal geopolitiek-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan -0,5% over 5 sessies (44% hoger; middelste helft -4,4% tot +2,6%), en -2,7% over 20.
Na 60 eerdere neutraal geopolitiek-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan -0,9% over 5 sessies (43% hoger; middelste helft -4,7% tot +2,3%), en -1,9% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Notes traders judged the US import ban might not worsen the supply shock and that Russia announced a ceasefire for civilians, reducing the risk premium.
