# European gas prices soar and oil tops $105 after Russia attacks Ukraine

> European natural gas prices surged by almost 70% intraday and Brent crude briefly topped $105 a barrel after Russia invaded Ukraine. Analysts warned prices could rise substantially higher if the conflict disrupts energy supplies, although Brent later gave back much of its gain.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude high
- Page: https://feedsoft.ai/events/42882-european-gas-prices-soar-and-oil-tops-105-after-russia-attacks-ukraine
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher crude and gas costs raise energy and transport expenses for feed production and push demand toward alternative fuels, while the geopolitical risk adds volatility to energy-linked commodities.

## Read by commodity

- BRENT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-02-24 | [Oil tops $105/bbl after Russia attacks Ukraine \| Reuters](https://feedsoft.ai/events/42853-oil-tops-105-bbl-after-russia-attacks-ukraine-reuters.md) | +18.2% | +27.0% |
| BRENT | 2026-07-23 | [Oil prices surge to $100 per barrel after Red Sea attacks](https://feedsoft.ai/events/9927-oil-prices-surge-to-100-per-barrel-after-red-sea-attacks.md) | -9.5% | -7.3% |
| BRENT | 2025-12-19 | [Oil prices climb as US blocks Venezuelan tankers, eyes on Russia-Ukraine talks \| Reuters](https://feedsoft.ai/events/21665-oil-prices-climb-as-us-blocks-venezuelan-tankers-eyes-on-russia-ukraine-talks.md) | +3.1% | +8.7% |
| BRENT | 2025-11-14 | [Oil settles up more than 2% as Russian port suspends oil exports after Ukrainian attack \| Reuters](https://feedsoft.ai/events/22138-oil-settles-up-more-than-2-as-russian-port-suspends-oil-exports-after-ukrainian.md) | +1.5% | -1.6% |
| BRENT | 2026-03-01 | [Oil prices are rising sharply after US and Israeli attacks \| AP News](https://feedsoft.ai/events/5234-oil-prices-are-rising-sharply-after-us-and-israeli-attacks-ap-news.md) | +31.0% | +62.6% |
| NATGAS | 2022-07-10 | [Explainer: Why Russia drives European and British gas prices](https://feedsoft.ai/events/40669-explainer-why-russia-drives-european-and-british-gas-prices.md) | +9.5% | +31.7% |
| NATGAS | 2021-11-03 | [Explainer: Why Russian exports hold sway over European and British gas prices](https://feedsoft.ai/events/44229-explainer-why-russian-exports-hold-sway-over-european-and-british-gas-prices.md) | -7.5% | -21.2% |
| NATGAS | 2021-10-01 | [European gas prices hit all-time highs as Russian flows slump \| Reuters](https://feedsoft.ai/events/44762-european-gas-prices-hit-all-time-highs-as-russian-flows-slump-reuters.md) | -0.5% | +0.2% |

## Sources

- ft.com: https://www.ft.com/content/c6303127-5edf-4256-9c25-effa75766002?syn-25a6b1a6=1

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