The Commodities Feed: Russia-Ukraine tensions add to oil supply risks

After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Oct 16, 2023The Commodities Feed: Oil market remains nervous | articles | ING THINK+0.4%
• Feb 20, 2025The Commodities Feed: EU agrees on another Russian sanctions package | articles | ING THINK-4.2%
• Feb 7, 2020The Commodities Feed: More OPEC+ cuts coming | snaps | ING THINK+2.3%
• Nov 21, 2024Oil rises 2% on supply worries as Russia-Ukraine war escalates-0.3%
• Apr 18, 2022Oil rises over 1% as Libya outages add to Russia supply fears-4.8%

After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Oct 16, 2023The Commodities Feed: Oil market remains nervous | articles | ING THINK+1.5%
• Feb 20, 2025The Commodities Feed: EU agrees on another Russian sanctions package | articles | ING THINK-5.1%
• Feb 22, 2022Canadian dollar firms as oil surges on rising Russia-Ukraine tensions - The Globe and Mail+5.3%
• Feb 7, 2020The Commodities Feed: More OPEC+ cuts coming | snaps | ING THINK+0.9%
• Mar 17, 2022The Invasion of Ukraine is Accelerating the Supercycle in Commodities | Goldman Sachs+21.1%

After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.

• Feb 23, 2022Impact of Russia-Ukraine on supply chains: food, metals, commodities+6.4%
• Feb 24, 2022Commodity supplies at risk as Russia invades Ukraine | Reuters+6.8%
• Mar 17, 2022The Invasion of Ukraine is Accelerating the Supercycle in Commodities | Goldman Sachs+15.8%
• Nov 3, 2022Weekly Commodities Strategy: Russia-Ukraine War, Dryness In+7.2%
• Mar 23, 2022How Russia's invasion of Ukraine rocked commodity markets+1.3%