Brent climbed $2.48, or 2.27%, to $111.81 a barrel, WTI were up $2, or 1.89%, to $108.02 a barrel.

U.S. commercial crude oil inventories decreased by 1.9 million barrels from the previous week to 411.6 million barrels.

Brent were up $2.53, or 2.28%, at $113.67 a barrel, WTI were up $1.64, or 1.51%, at $110.34 a barrel.

Brent was up $1.68, or 1.3%, at $129.66 a barrel, WTI was up $1.60, or 1.3%, to $125.30.

Абсолютно очевидно, что отказ от российской нефти приведёт к катастрофическим последствиям для мирового рынка. Всплеск цен будет непредсказуемым – более 300 долларов за баррель, если не больше.

"It is absolutely obvious that refusing Russian oil would lead to catastrophic consequences for the global market. The price surge would be unpredictable – to more than $300 per barrel, if not more," said Russian Deputy Prime Minister Alexander Novak.

Despite the high discount on Russia's Ural oil premium and sanctions .It seems that the rise in oil prices will eventually lead to the growth of Russia's foreign exchange earnings in 2022 and the improvement of its foreign exchange reserves, which is contrary to the goals of Western sanctions and USA.

The Brent price will average $117/b in March, $116/b in 2Q22, and $102/b in the second half of 2022 (2H22). We expect the average price to fall to $89/b in 2023.

On March 1, the U.S. Department of Energy committed to releasing 30 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to ensure an adequate supply of petroleum in response to Russia’s further invasion of Ukraine.

The Worldwide Rig Count for February was 1,669, up 37 from the 1,632 counted in January 2022,and up 399 from the 1,270 counted in February 2021.

U.S. Rig Count is unchanged from last week at 650, Canada Rig Count is down 7 from last week to 217.

Brent rose at $111.19, WTI rose $1.21, or 1.1%, to $108.88.

During the conversation, it was noted with satisfaction that OPEC+ member countries are consistently fulfilling their obligations to help ensure stability on the global oil market. Russia and Saudi Arabia will continue to coordinate approaches within this format.

Brent was up $2.18, or 1.9%, at $115.11 a barrel, WTI hit a high of $116.57.

Страны-участницы единогласно приняли решение сохранить договорённости о продолжении увеличения добычи на суммарно 400 тыс. баррелей в сутки в апреле 2022 года.