Oil prices tanked today after Shanghai was put on COVID lockdown, with officials closing bridges, tunnels and restricting highway traffic.

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Oil prices were lower today in a volatile session as it was reported that CPC pipeline would be up and running quicker than anticipated. Sources said oil exports would partially resume today.

Oil prices jumped again today as disruptions to the Caspian Pipeline Consortium are adding concerns to the already tight global supplies.  Exports from CPCs Kazakhstan’s terminal stopped fully today after damage from bad weather, and the disruption could take weeks or months to resolve.

Oil prices edged lower today as the EU seems less and less likely to ban Russian oil

. A perfect storm is lining up for a price spike. Russia continues to pound Ukraine into submission and any optimism that a cease fire could happen was swept away today

Oil prices are back above $100 after negotiations between Russia and Ukraine deteriorated. Energy markets are rife with uncertainty, with the IEA suggesting that consumers will have to figure out how to reduce demand as supply shortages loom.

Oil prices sank today, falling to two week lows as hopes of a peaceful resolution for the Ukraine conflict weighed on prices. Volatility has also come back to the market and is at the highest level since 2020

Oil prices rose today, but posted the biggest week over week decline since November after previously hitting the highest prices since 2008.

Oil prices settled down again today, despite OPEC+ reiterating they will not increase output further than expected. While the UAE and Saudi Arabia have spare capacity, other producers are still struggling to meet their targets.