Oil, gas and resources companies, and trading desks, are fretting about the provisions around sanctions on Russian extractive industries, financial institutions and banks, Russian leaders and businessmen, and the use of global services, such as wire transfers.

U.S. Rig Count is up 6 from last week to 610 , Canada Rig Count is up 5 from last week to 217.

Brent climbed 57 cents, or 0.6%, to $89.91 a barrel , WTI rose 54 cents, or 0.6%, to $87.15 a barrel.

U.S. commercial crude oil inventories increased by 2.4 million barrels from the previous week to 416.2 million barrels.

Brent were down 31 cents, or 0.6%, to $89.44 a barrel , WTI were down 58 cents, or 0.6%, to $86.77 a barrel.

Brent rose 61 cents, or 0.7%, to $88.81, WTI was up 25 cents, or 0.3%, to $85.85.

Today, the U.S. Department of Energy (DOE) approved seven additional exchanges of 13.4 million barrels of crude oil for release from the Strategic Petroleum Reserve (SPR).

Brent rose 61 cents, or 0.7%, to $86.88 a barrel, WTI climbed 44 cents, or 0.5%, to $83.75 a barrel.

Brent rose 58 cents, or 0.7%, to $88.47 a barrel, WTI gained 57 cents, or 0.7%, to $85.71 a barrel.

Shipments of Russian crude to the US in 2021 averaged 202,000 b/d, the highest in 11 years. Most of these imports consist of Russian export grades, such as Urals, ESPO Blend and Varandey.