The Russian Prime Minister Novak announced that Russia would limit oil production by 500,000 barrels a day in March as a response to embargo and price caps imposed on the Russian federations. Oil prices moved higher on the news.

NATGAS loses after the EIA inventories report
BREAKING: OIL gain extends to 3.5% 📈Chinese state companies stop Russian oil purchases
⏫ Oil Gains 2% on Russia sanctions
Daily wrap – US Export Restrictions on China and Weaker Earnings Trigger Wall Street Correction