www.investing.com Open in urlscan Pro
2606:4700::6812:bd7 Public Scan

Back to summary

URL:
https://www.investing.com/news/commodities-news/oil-climbs-on-pressure-from-ukraine-conflict-tight-market-2788174
Submission: On March 21 via api (March 21st 2022, 1:05:12 pm UTC) from US — Scanned from DE

Form analysis
0 forms found in the DOM

Text Content

Breaking News

Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here

Quotes
All Instrument Types
* All Instrument Types
* Indices
* Equities
* ETFs
* Funds
* Commodities
* Currencies
* Crypto
* Bonds
* Certificates

Please try another search

Search website for:

Popular Searches
AAPL Apple Inc Equity - NASDAQ FB Meta Platforms Inc Equity - NASDAQ GOOGL
Alphabet Inc Class A Equity - NASDAQ STLA Stellantis NV Equity - Milan AEGN
Aegon NV Equity - Amsterdam
Popular News
More
Oil prices jump over $4 as EU considers Russian oil ban

Chinese Boeing jet crashes in mountains with 132 on board, no sign of survivors

Top 5 Things to Watch in Markets in the Week Ahead

Sign In/Free Sign Up
0
Recent Alerts
Sign up to create alerts for Instruments, Economic Events and content by
followed authors
Free Sign Up
Already have an account? Sign In
* English (UK)
* Русский
* English (India)
* Türkçe
* English (Canada)
* ‏العربية‏
* English (Australia)
* Ελληνικά
* English (South Africa)
* Svenska
* English (Philippines)
* Suomi
* English (Nigeria)
* עברית
* Deutsch
* 日本語
* Español (España)
* 한국어
* Español (México)
* 简体中文
* Français
* 繁體中文
* Italiano
* Bahasa Indonesia
* Nederlands
* Bahasa Melayu
* Português (Portugal)
* ไทย
* Polski
* Tiếng Việt
* Português (Brasil)
* हिंदी

Deutsche Version verfügbar
Bevorzugen Sie die deutsche Ausgabe von Investing.com?
Nein dankeDorthin navigieren
* Markets
* Indices
* Indices Futures
* Major Indices
* Indices CFDs
* World Indices
* Global Indices
* Dow Jones Futures
* S&P 500 Futures
* Nasdaq Futures

* S&P 500
* Dow Jones
* Nasdaq 100
* DAX
* FTSE 100
* Euro Stoxx 50
* Nikkei 225

* Stocks
* Stock Screener
* Trending Stocks
* United States
* Pre-Market
* Earnings Calendar
* Americas
* Europe
* 52 Week High
* 52 Week Low
* Most Active
* Top Gainers
* Top Losers
* World ADRs
* Marijuana Stocks

* Apple
* Tesla
* Meta Platforms
* Amazon.com
* Microsoft
* NVIDIA
* Netflix
* Pfizer
* AMD
* Boeing
* GameStop Corp
* AMC Entertainment
* Nio A ADR

* Commodities
* Real Time Commodities
* Metals
* Energy
* Grains
* Softs
* Meats
* Commodity Indices

* Gold
* Crude Oil WTI
* Brent Oil
* Silver
* Natural Gas
* Copper
* US Wheat

* Cryptocurrency
* All Cryptocurrencies
* Cryptocurrency Pairs
* ICO Calendar
* Bitcoin
* Ethereum
* Cardano
* Solana
* Dogecoin
* SHIBA INU
* Currency Converter

* BTC/USD
* ETH/USD
* BCH/USD
* LTC/USD
* DOGE/USD
* ETC/USD
* ETH/BTC
* XRP/USD
* Bitcoin Futures CME

* Currencies
* Forex Rates
* Single Currency Crosses
* Live Currency Cross Rates
* Exchange Rates Table
* Forward Rates
* FX Futures
* FX Options

* EUR/USD
* GBP/USD
* EUR/CHF
* AUD/USD
* USD/JPY
* USD/CAD
* USD/CHF
* USD/TRY
* USD/MXN
* BTC/USD
* USD/RUB
* Dollar Index

* ETFs
* World ETFs
* Major ETFs
* USA ETFs
* Marijuana ETFs

* SPDR S&P 500
* iShares MSCI Emerging Markets
* SPDR Dow Jones Industrial Average
* Invesco QQQ Trust

* Funds
* World Funds
* Major Funds

* Vanguard 500 Index Admiral
* Vanguard Total Bond Market II Index Fund Investor
* American Funds Capital Income Builder A
* PIMCO Commodity Real Return Strategy Institutional

* Bonds
* World Government Bonds
* Financial Futures
* Government Bond Spreads
* Bond Indices
* Forward Rates

* U.S. 10Y
* U.S. 30Y
* U.S. 2Y
* U.S. 5Y
* U.S. 3M
* US 10Y T-Note
* US 30Y T-Bond
* Euro Bund

* Certificates
* Major Certificates
* World Certificates

* SG FTSE MIB Gross TR 5x Daily Short Strategy RT 18
* Vontobel 7X Long Fixed Lever on Natural Gas 8.06
* BNP Call 500.59 EUR AEX 31Dec99
* COMMERZBANK AG Put CAC FUT 05/17 31Dec99
* My Watchlist
* Crypto
* Cryptocurrency
* All Cryptocurrencies
* Cryptocurrency Pairs
* ICO Calendar
* Cryptocurrency Brokers
* Cryptocurrency
* Bitcoin
* Ethereum
* Ripple
* Cardano
* Solana
* Dogecoin
* SHIBA INU
* Currency Converter

* More in Cryptocurrency
* BTC/USD
* ETH/USD
* LTC/USD
* ETC/USD
* ETH/BTC
* IOTA/USD
* XRP/USD
* Bitcoin Futures CME
* Bitcoin Futures CBOE

* News
* Financial News
* Stock Markets
* Cryptocurrency
* Commodities
* Forex
* Economy
* Economic Indicators

* More In News
* Latest
* Most Popular
* Economic Calendar
* Sports & General
* World
* Politics
* Coronavirus

*
* Analysis
* Analysis
* Market Overview
* Forex
* Stock Markets
* Commodities
* Bonds
* Cryptocurrency
* ETFs

* More In Opinion
* Most Popular
* Editor's Picks
* Comics

* Charts
* Real Time Charts
* Live Charts
* Forex Chart
* Futures Chart
* Stocks Chart
* Indices Chart
* Cryptocurrency Chart

* Interactive Forex Chart
* Interactive Futures Chart
* Interactive Indices Chart
* Interactive Stocks Chart
* Multiple Forex Charts
* Multiple Indices Charts

* Technical
* Tools
* Technical Summary
* Technical Analysis
* Pivot Points
* Moving Averages
* Indicators
* Candlestick Patterns

* More In Technical
* Candlestick Patterns
* Fibonacci Calculator
* Pivot Point Calculator

* Brokers
* Brokers
* Forex Brokers
* Stock Brokers
* Cryptocurrency Brokers
* Crypto Exchanges
* Online Brokers

* More In Brokers
* CFD Brokers

* Tools
* Calendars
* Economic Calendar
* Holiday Calendar
* Earnings Calendar
* Dividend Calendar
* Splits Calendar
* IPO Calendar
* Futures Expiry Calendar
* Investment Tools
* Stock Screener
* Fed Rate Monitor Tool
* Currency Converter
* Fibonacci Calculator

* More In Tools
* Forex Correlation
* Pivot Point Calculator
* Profit Calculator
* Margin Calculator
* Currencies Heat Map
* Forex Volatility
* Forward Rates Calculator
* Mortgage Calculator

* Education
* Education
* Webinars
* Trading Guide
* Terms

* Events
* Conferences

* More
* Alerts
* Webinars
* Conferences
* Trading Guide
* Central Banks
* Insights
* Ad-Free Version

* Webmaster Tools
* Broker Blacklist
* Sentiments Outlook

* Latest
* Most Popular
* Cryptocurrency
* Stock Markets
* Commodities
* Forex
* Economy
* Economic Indicators
* Politics
* World
* Coronavirus

Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More
details

OIL PRICES JUMP OVER $4 AS EU CONSIDERS RUSSIAN OIL BAN

Commodities14 minutes ago (Mar 21, 2022 08:50AM ET)
25
Saved. See Saved Items.
This article has already been saved in your Saved Items

© Reuters. FILE PHOTO: A view of the Phillips 66 Company's Los Angeles Refinery
(foreground), which processes domestic & imported crude oil into gasoline,
aviation and diesel fuels, and storage tanks for refined petroleum products at
the Kinder Morgan Carson Termina

By Noah Browning

LONDON (Reuters) - Oil prices jumped more than $4 on Monday, with Brent crude
climbing above $111 a barrel, as European Union nations considered joining the
United States in a Russian oil embargo and after a weekend attack on Saudi oil
facilities.

Brent crude futures were up $4.55, or 4.2%, at $112.48 a barrel by 1205 GMT,
adding to a 1.2% rise last Friday.

U.S. West Texas Intermediate (WTI) crude futures rose $4.35, or 4.2%, to
$109.05, extending a 1.7% jump last Friday.

Prices moved higher ahead of talks this week between European Union governments
and U.S. President Joe Biden in a series of summits that aims to harden the
West's response to Moscow over its invasion of Ukraine.

EU governments will consider whether to impose an oil embargo on Russia.

Early on Monday, Ukraine's deputy prime minister, Iryna Vershchuk, said there
was no chance the country's forces would surrender in the besieged eastern port
city of Mariupol.

With little sign of the conflict easing, the focus returned to whether the
market would be able to replace Russian barrels hit by sanctions.

"Optimism is seeping away about progress in talks to achieve a ceasefire in
Ukraine and that’s sent the price of oil on the march upwards", said Susannah
Streeter, senior markets analyst at UK-based asset manager Hargreaves Lansdown
(LON:HRGV).

"With the possibility that more than a million barrels of Russian oil a day will
be snubbed, given that the Netherlands and Germany combined received around a
quarter of Russia's crude and light oil exports, demand would shoot up for crude
supplies from OPEC+ nations."

Over the weekend, attacks by Yemen's Iran-aligned Houthi group caused a
temporary drop in output at a Saudi Aramco (SE:2222) refinery joint venture in
Yanbu, feeding concern in a jittery oil products market, where Russia is a key
supplier and global inventories are at multi-year lows.

The latest report from the Organization of the Petroleum Exporting Countries
(OPEC) and allies including Russia, together known as OPEC+, showed some
producers are still falling short of their agreed supply quotas.

Oil prices jump over $4 as EU considers Russian oil ban
25

Comments (25)
25

U.S. SEC set to unveil landmark climate change disclosure rule By Reuters - Mar
21, 2022

By Katanga Johnson WASHINGTON (Reuters) - The U.S. securities regulator on
Monday will unveil a landmark proposal requiring public companies to disclose
greenhouse gas emissions,...

Gold rises as Ukraine crisis persists, hawkish Fed caps gains By Reuters - Mar
21, 2022 3

By Bharat Gautam (Reuters) - Gold prices edged up on Monday as fighting in
Ukraine buoyed demand for the safe-haven asset, although strength in U.S. bond
yields restricted...

EU Ban on Russian Oil ‘Would Hit Everyone,’ Kremlin Says By Bloomberg - Mar 21,
2022

(Bloomberg) -- A European Union ban on imports of Russian oil would have a
profound effect on the global crude market and hit the continent hardest, said
Kremlin spokesman Dmitry...

You May Also Like
Recommended by
Warren Buffet Urges Investors To Buy These ETFs YouTube
23 People Who Ended Up Marrying Their Celebrity Crush POPSUGAR
European Tourist Traps to Avoid Far & Wide
They Have More Money Than Anyone on Earth Work + Money
EU Ban on Russian Oil ‘Would Hit Everyone,’ Kremlin Says By Bloomberg News - EN
Saudi Arabia is China's top crude supplier again as Russian oil falls 9% By
Reuters News - EN

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your
perspective and ask questions of authors and each other. However, in order to
maintain the high level of discourse we’ve all come to value and expect, please
keep the following criteria in mind:

* Enrich the conversation, don’t trash it.

* Stay focused and on track. Only post material that’s relevant to
the topic being discussed.

* Be respectful. Even negative opinions can be framed positively and
diplomatically. Avoid profanity, slander or personal attacks directed at an
author or another user. Racism, sexism and other forms of discrimination will
not be tolerated.

* Use standard writing style. Include punctuation and upper and lower cases.
Comments that are written in all caps and contain excessive use of symbols
will be removed.
* NOTE: Spam and/or promotional messages and comments containing links will be
removed. Phone numbers, email addresses, links to personal or business
websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups)
will also be removed; self-promotional material or business-related
solicitations or PR (ie, contact me for signals/advice etc.), and/or any
other comment that contains personal contact specifcs or advertising will be
removed as well. In addition, any of the above-mentioned violations may
result in suspension of your account.
* Doxxing. We do not allow any sharing of private or personal contact or other
information about any individual or organization. This will result in
immediate suspension of the commentor and his or her account.
* Don’t monopolize the conversation. We appreciate passion and conviction, but
we also strongly believe in giving everyone a chance to air their point of
view. Therefore, in addition to civil interaction, we expect commenters to
offer their opinions succinctly and thoughtfully, but not so repeatedly that
others are annoyed or offended. If we receive complaints about individuals
who take over a thread or forum, we reserve the right to ban them from the
site, without recourse.
* Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from
future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms
described.
I Agree

Write your thoughts here
Are you sure you want to delete this chart?
Delete Cancel

Post
Post also to:

Replace the attached chart with a new chart ?
Replace Cancel
1000
Comment Guidelines

Your ability to comment is currently suspended due to negative user reports.
Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until
approved by our moderators. It may therefore take some time before it appears on
our website.
Comments (10)
Roop Misir 8 minutes ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

"European Union nations considered joining the United States in a Russian oil
embargo and after a weekend attack on Saudi oil facilities". Conflicting news
every day. Is the EU actually going to wean itself of Russian crude? Pure talk
... may be good for v...Show more

Reply
1 0
Report
perplexed76 . 4 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

"Houthi group".. i wonder who can order these terrorists to do this? Hm...
Finish with Putin and go futher.

Reply
1 0
Report
Meru Pet 4 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

interesting

Reply
0 0
Report
Shep De 7 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

Why, just because you have a unprepatedness to yourself, would you continue to
take "blood money" from Russia, why, European Union. One word: sick . USA took
the lead, sure, not as dependent on Russia, but there are other ways to get oil.
Stop this double ...Show more

Reply
3 1
Report
ottin nerner 6 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

don't worry EU will buy it from Turkey as proxy of Russia.... Turkey will the
premium while Russia will get market value.... Turkey is known middleman for
centuries if you want to trade with the east.... even during N@zi era to Soviet
era they are always t...Show more

Reply
0 0
Report
ottin nerner 6 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

there is no replacement for Siberian Crude except the Venezuelan Crude....
Siberian Crude (diesel for their powerplants) is different from Middle-Eastern
Crude(gasoline)....

Reply
0 0
Report
Meru Pet 4 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

blood heating and blood transportation from blood agriculture 🙄

Reply
0 0
Report
Adam Adam 7 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

EU is trying to gain some time to secure oil supply and sign a new contract with
other sources, once done they will stop buying from Russia, that's why all
experts are expecting oil to go 150-200 $

Reply
7 0
Report
Benjamin USA 7 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

Yep. Although we will see if it break 150

Reply
0 1
Report
Shep De 6 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

it's just the right thing to do, can't see why even not having quite secured
alternative source quantifies taking oil from Enemy, who has a control of you
and morale of allies by doing that too

Reply
0 0
Report
ottin nerner 6 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

don't worry EU will still buy it from Russia via Turkey proxy.... EU refinarries
for powerplants is build only for Siberian Crude(diesel), not middle eastern
crude(gasoline)....

Reply
0 0
Report
Ac Tektrader 10 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

question Putin and his kremlin butchers. are they war criminals, thieves liars
and guilty of their murderous attacks on churches hospitals and children's
schools or just plain stupid and ignorant and incompetent.. one thing is for
sure they are psychopathi...Show more

Reply
13 10
Report
Benjamin USA 10 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

Oil will remain tight as buyers rotate from russian oil to other sources. All
other oil will come at a premium. Expect official sanctions to come as soon as
the EU has sourced enough viable alternatives that the sanctions won’t disrupt
the day to day.

Reply
1 2
Report
ottin nerner 7 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

lol, US still buying russian via proxy.... our refinarries is calibrated to
heavy-sour crude which only produce by russia and venezuela.... middle eastern
crude is different from the russian....

Reply
2 1
Report
ottin nerner 7 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

russian crude is good for creating diesel, middle east for gasoline, fracking
oil for aircraft fuel....

Reply
0 0
Report
ottin nerner 7 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

we buy russian crude for our powerplants, not for gasoline....

Reply
2 0
Report
Alyster OoooO 7 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

You americans are funny. America is now begging for oil on your knees from
russian allies venezuela and Iran. Few days back you guys were begging from
OPEC+ members UAE and saudi arabia but they rejected the request. Do you know
that Russia has investments...Show more

Reply
3 0
Report
Deepesh Bhoi 10 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

War will not end until they both agreed to stop.

Reply
2 1
Report
Pavithra Pavithra 11 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

expecting the war ends soon and Russian oil flows again so that global economy
stabilized.

Reply
0 5
Report
Pavithra Pavithra 11 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

expecting the war ends soon and Russian oil flows again so that global economy
stabilized.

Reply
2 7
Report
Iheb Jlassi 10 hours ago
Share
Follow this post
Unfollow this post
Save
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Block User

War will end one way in my opinion: ukraine giving up. Russia is already through
******and ending the war won't change it so the all in is scary at this point..
So maybe nato will take this huge L for the best of its long run win maybe

Reply
3 3
Report
Are you sure you want to delete this chart?
Delete Cancel

Post
Replace the attached chart with a new chart ?
Replace Cancel
1000
Comment Guidelines

Your ability to comment is currently suspended due to negative user reports.
Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.

Add Chart to Comment

Cancel Attach
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's
Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing
the block.

Confirm Block Cancel
Ok

Report this comment

I feel that this comment is:

Spam Offensive
Submit
Comment flagged

Thank You!

Your report has been sent to our moderators for review
Close

Disclaimer: Fusion Media would like to remind you that the data contained in
this website is not necessarily real-time nor accurate. All CFDs (stocks,
indexes, futures) and Forex prices are not provided by exchanges but rather by
market makers, and so prices may not be accurate and may differ from the actual
market price, meaning prices are indicative and not appropriate for trading
purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading
losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability
for loss or damage as a result of reliance on the information including data,
quotes, charts and buy/sell signals contained within this website. Please be
fully informed regarding the risks and costs associated with trading the
financial markets, it is one of the riskiest investment forms possible.
* Indices
* Commodities
* ETFs
* Stocks

More Categories
Tabs Selection
IndicesCommoditiesETFsStocksCryptoForexBonds
4/4Apply
1D1W1M6M1Y5YMax
Created with Highcharts 4.0.4 /Highstock
2.0.434,683.021/0306:0012:0034,500.034,600.034,700.034,800.0

US 3034,683.0-71.9-0.21% US 5004,460.7-2.4-0.05% Dow
Jones34,754.93+274.17+0.80% S&P
5004,463.09+51.42+1.17% Nasdaq13,893.84+279.06+2.05% S&P 500
VIX24.57+0.70+2.93% Dollar Index98.328+0.101+0.10%

Crude Oil WTI107.36+4.27+4.14% Brent Oil112.54+4.61+4.27% Natural
Gas4.796-0.067-1.38% Gold1,923.90-5.40-0.28% Silver25.207+0.120+0.48% Copper4.6890-0.0505-1.07% US
Soybeans1,683.25+15.25+0.91%

SPDR S&P 500444.52+4.82+1.10% iShares Russell 2000207.27+2.16+1.05% Invesco
QQQ Trust351.49+7.05+2.05% Direxion Daily Junior Gold Miners Bull 2X
Shares77.59-1.60-2.02% iShares Silver23.02-0.31-1.33% ProShares Ultra VIX
Short-Term Futures15.33-1.29-7.76% ProShares UltraPro QQQ53.17+3.11+6.21%

Apple163.98+3.36+2.09% Alphabet
A2,722.51+45.73+1.71% Tesla905.39+33.79+3.88% Amazon.com3,225.01+80.23+2.55% Netflix380.60+9.20+2.48% Meta
Platforms216.49+8.65+4.16% Bank of America42.90-0.13-0.30%

www.investing.com Open in urlscan Pro 2606:4700::6812:bd7 Public Scan

Form analysis 0 forms found in the DOM

Text Content

www.investing.com Open in urlscan Pro
2606:4700::6812:bd7 Public Scan

Form analysis
0 forms found in the DOM