# WTI Tops $103 as Supply Fears Persist - TT

> WTI settled at $103.41 a barrel on March 1, 2022, after trading above $106, as markets priced in the risk of Russian supply loss from sanctions. The IEA agreed to release 60 million barrels from global stockpiles, but the move failed to ease concerns. Commodity prices posted their largest one-day gain since 2009, and the trade in Russian raw materials was seizing up.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: geopolitics · region Russia · magnitude high
- Page: https://feedsoft.ai/events/12840-wti-tops-103-as-supply-fears-persist-tt
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher crude and diesel costs raise freight, fertilizer and processing expenses across the feed chain. Disrupted Russian exports of grains and energy also tighten global supply and support feed commodity prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-03-03 | [Oil jumps, Brent above $116 per barrel as supply issues persist](https://feedsoft.ai/events/6282-oil-jumps-brent-above-116-per-barrel-as-supply-issues-persist.md) | -1.7% | -2.6% |
| WTI | 2026-10-28 | [Arab News \| Oil rises more than 1% as supply concerns persist](https://feedsoft.ai/events/17239-arab-news-oil-rises-more-than-1-as-supply-concerns-persist.md) | -2.1% | — |
| WTI | 2022-04-18 | [Oil rises over 1% as Libya outages add to Russia supply fears](https://feedsoft.ai/events/42013-oil-rises-over-1-as-libya-outages-add-to-russia-supply-fears.md) | -4.0% | +3.4% |
| WTI | 2026-03-12 | [Brent Oil Tops $100 as Persian Gulf Disruption Hits Global Supply - Bloomberg](https://feedsoft.ai/events/8158-brent-oil-tops-100-as-persian-gulf-disruption-hits-global-supply-bloomberg.md) | +10.6% | +13.9% |
| WTI | 2026-10-02 | [Oil Rises as Mideast Tensions Sustain Supply-Disruption Fears](https://feedsoft.ai/events/9320-oil-rises-as-mideast-tensions-sustain-supply-disruption-fears.md) | -1.5% | +5.6% |
| BRENT | 2022-03-03 | [Oil jumps, Brent above $116 per barrel as supply issues persist](https://feedsoft.ai/events/6282-oil-jumps-brent-above-116-per-barrel-as-supply-issues-persist.md) | -1.8% | -1.2% |
| BRENT | 2026-10-28 | [Arab News \| Oil rises more than 1% as supply concerns persist](https://feedsoft.ai/events/17239-arab-news-oil-rises-more-than-1-as-supply-concerns-persist.md) | -4.7% | — |
| BRENT | 2022-04-18 | [Oil rises over 1% as Libya outages add to Russia supply fears](https://feedsoft.ai/events/42013-oil-rises-over-1-as-libya-outages-add-to-russia-supply-fears.md) | -4.8% | +0.5% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/wti-tops-103-supply-fears-persist

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.