Oil Breaks Four Day Losing Streak On Impediments To Oversupplyby Ship & Bunker News TeamMeanwhile, Trump blasts NATO for aiding Russia's war with Ukraine: File Image/PixabayWorries over Russian supply risks and a stall in the restart of Kurdish oil exports was enough for traders concerned about global oversupply to raise crude prices on Tuesday by more than $1 per barrel, halting a four day selloff. After pipeline oil exports from Iraq's Kurdistan region to Turkey were delayed on Tuesday, Brent settled up $1.06 at $67.63 per barrel, while West Texas Intermediate settled up $1.13 at $63.41 per barrel. The export delay concerned a deal between Iraqi and Kurdish governments to supply about 230,000 barrels per day (bpd) to the global market via Turkey. For the record, Russia was reportedly considering banning diesel exports for some companies amid the attacks, the latest of which occurred overnight on an oil pipeline that caused gasoline and diesel futures to skyrocket on the Spimex commodities exchange. Rebecca Babin, a senior energy trader at CIBC Private Wealth Group, remarked, "If products are not able to be exported from Russia, there may be a short-term increase in crude exports as they refine less…but that can only last so long before we see shut-ins."