# ICE Brent, NYMEX WTI crude surges more than 5% as Russia launches military operations in Ukraine

> Front-month ICE Brent and NYMEX WTI futures jumped more than 5% on Feb 24 after Russia launched military operations in Ukraine. Brent reached $101.84 and WTI $96.84 in Asian trading.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/42855-ice-brent-nymex-wti-crude-surges-more-than-5-as-russia-launches-military
- 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

The invasion raises the risk of sanctions and supply disruption from a major producer, pushing crude higher and raising energy costs across the feed supply chain.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-03-01 | [Oil futures: Crude, fuel prices surge as Ukraine conflict pushes NYMEX WTI well past $100/b](https://feedsoft.ai/events/12842-oil-futures-crude-fuel-prices-surge-as-ukraine-conflict-pushes-nymex-wti-well.md) | +24.3% | +11.5% |
| WTI | 2024-11-22 | [Oil gains more than 5% for the week as Ukraine war intensifies](https://feedsoft.ai/events/27588-oil-gains-more-than-5-for-the-week-as-ukraine-war-intensifies.md) | -3.0% | -0.9% |
| WTI | 2022-02-22 | [Canadian dollar firms as oil surges on rising Russia-Ukraine tensions - The Globe and Mail](https://feedsoft.ai/events/42919-canadian-dollar-firms-as-oil-surges-on-rising-russia-ukraine-tensions-the-globe.md) | +5.3% | +23.0% |
| WTI | 2022-03-21 | [Crude jumps more than 7% as EU mulls Russian oil ban](https://feedsoft.ai/events/9149-crude-jumps-more-than-7-as-eu-mulls-russian-oil-ban.md) | +10.3% | +3.4% |
| WTI | 2025-04-11 | [Brent, WTI prices climb more $1 on possible Iran crude restriction \| Reuters](https://feedsoft.ai/events/25279-brent-wti-prices-climb-more-1-on-possible-iran-crude-restriction-reuters.md) | +7.5% | +2.5% |
| BRENT | 2022-03-01 | [Oil futures: Crude, fuel prices surge as Ukraine conflict pushes NYMEX WTI well past $100/b](https://feedsoft.ai/events/12842-oil-futures-crude-fuel-prices-surge-as-ukraine-conflict-pushes-nymex-wti-well.md) | +23.6% | +11.2% |
| BRENT | 2022-02-24 | [Ukraine fallout: Diesel surges more than crude before falling back - FreightWaves](https://feedsoft.ai/events/42892-ukraine-fallout-diesel-surges-more-than-crude-before-falling-back-freightwaves.md) | +18.2% | +27.0% |
| BRENT | 2024-11-22 | [Oil gains more than 5% for the week as Ukraine war intensifies](https://feedsoft.ai/events/27588-oil-gains-more-than-5-for-the-week-as-ukraine-war-intensifies.md) | -1.7% | -1.8% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/022422-ice-brent-crude-hits-100b-as-russia-announces-special-military-operation-in-ukraine

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