# Oil futures: Crude, fuel prices surge as Ukraine conflict pushes NYMEX WTI well past $100/b

> NYMEX WTI settled at $103.41 a barrel on March 1, 2022, after reaching $106.78 intraday, its highest since July 2014. ICE Brent settled at $104.97, and ULSD rose to $3.1511 per gallon as Russian gasoil supplies tightened. The IEA announced a 60 million barrel coordinated stock release, which pared some of the gains.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: geopolitics · region Russia · magnitude high
- Page: https://feedsoft.ai/events/12842-oil-futures-crude-fuel-prices-surge-as-ukraine-conflict-pushes-nymex-wti-well
- 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

Russian crude is increasingly avoided, widening differentials and lifting diesel costs for feed transport and processing. Elevated crude prices raise input costs throughout the feed supply chain and support prices of energy-linked commodities.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-06-13 | [OIL FUTURES: Crude prices soar as conflict between Israel and Iran escalates \| S&P Global](https://feedsoft.ai/events/10995-oil-futures-crude-prices-soar-as-conflict-between-israel-and-iran-escalates-s.md) | +10.2% | +1.1% |
| WTI | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | -2.3% | +8.7% |
| WTI | 2022-02-24 | [ICE Brent, NYMEX WTI crude surges more than 5% as Russia launches military operations in Ukraine](https://feedsoft.ai/events/42855-ice-brent-nymex-wti-crude-surges-more-than-5-as-russia-launches-military.md) | +20.2% | +24.7% |
| WTI | 2018-03-09 | [Oil prices surge above $101 as Gulf conflict escalates, Hormuz shipping slumps](https://feedsoft.ai/events/66168-oil-prices-surge-above-101-as-gulf-conflict-escalates-hormuz-shipping-slumps.md) | +1.7% | +3.2% |
| WTI | 2022-03-04 | [Oil jumps 7% as Ukraine conflict offsets Iran supply hopes](https://feedsoft.ai/events/6284-oil-jumps-7-as-ukraine-conflict-offsets-iran-supply-hopes.md) | -1.6% | -6.7% |
| BRENT | 2025-06-13 | [OIL FUTURES: Crude prices soar as conflict between Israel and Iran escalates \| S&P Global](https://feedsoft.ai/events/10995-oil-futures-crude-prices-soar-as-conflict-between-israel-and-iran-escalates-s.md) | +12.0% | -0.8% |
| BRENT | 2026-10-01 | [Brent crude oil surges past $102 amid Hormuz tensions, US-Iran conflict](https://feedsoft.ai/events/9323-brent-crude-oil-surges-past-102-amid-hormuz-tensions-us-iran-conflict.md) | +2.6% | +8.8% |
| BRENT | 2022-02-24 | [ICE Brent, NYMEX WTI crude surges more than 5% as Russia launches military operations in Ukraine](https://feedsoft.ai/events/42855-ice-brent-nymex-wti-crude-surges-more-than-5-as-russia-launches-military.md) | +18.2% | +27.0% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/030122-oil-futures-crude-fuel-prices-surge-as-ukraine-conflict-pushes-nymex-wti-well-past-100b

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