Oil prices rose two per cent on Friday but notched their second straight weekly decline after countries announced plans to release crude from their strategic stocks. U.S. West Texas Intermediate (WTI) crude futures rose $2.23 to $98.26/bbl.

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Oil prices fell sharply today as large oil consuming nations said they would release oil from their reserves. IEA member nations agreed to release 120MM/bbls from their strategic reserves, which will include 60MM/bbls from the US.

Oil prices eased again today in another volatile session, under pressure from a new reported strain of Coronavirus and a strengthening USD.

Oil prices were stronger today as mounting civilian deaths in Ukraine is putting more pressure on European nations to impose more sanctions on Russia.

Oil prices came off significantly today as the Biden administration announced a massive release of strategic petroleum reserves at a time the SPR is at the lowest in years.

Oil prices came off significantly today as the Biden administration announced a massive release of strategic petroleum reserves at a time the SPR is at the lowest in years.

Oil prices were up today as volatility remains in full force. Today it was a combination of tight supplies, prospects of new Russia sanctions, and less optimism around the Ukraine/Russia ceasefire talks