# The Commodities Feed: Sell-off across the complex | ING THINK

> ICE Brent fell more than 13% on March 9, 2022, to near $111 a barrel, as Ukrainian government comments about willingness to compromise to end the war triggered a broad sell-off in Russia-exposed commodities. The EIA reported US crude inventories fell 4.39 million barrels, with distillate stocks down 5.23 million barrels, and reports of UAE comments on OPEC+ output added to the volatility.

- Date: 2022-03-10 · published 2022-03-10T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/4722-the-commodities-feed-sell-off-across-the-complex-ing-think
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Oil prices are highly sensitive to Russia-Ukraine headlines, so energy and freight costs for feed can swing sharply on peace or escalation news. Falling distillate stocks partly offset the price drop and keep diesel costs elevated.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2022-03-09 | 1 | -12.5% | -5.8 | Links the Brent sell-off to Ukrainian willingness to compromise, which cut the war risk premium, plus the UAE OPEC+ comments. |
| BRENT | 2022-03-15 | 5 | -21.1% | -5.6 | Ukrainian willingness to compromise triggered a broad sell-off in Russia-exposed commodities, cutting the geopolitical risk premium. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-29 | [The Commodities Feed: Trump demands & Russian oil \| snaps \| ING THINK](https://feedsoft.ai/events/7601-the-commodities-feed-trump-demands-and-russian-oil-snaps-ing-think.md) | -0.3% | -4.5% |
| BRENT | 2025-08-13 | [The Commodities Feed: Oil in wait-and-see mode ahead of Trump Vs. Putin \| articles \| ING THINK](https://feedsoft.ai/events/23271-the-commodities-feed-oil-in-wait-and-see-mode-ahead-of-trump-vs-putin-articles.md) | -0.4% | +1.1% |
| BRENT | 2026-07-27 | [The Commodities Feed: Oil slumps as the US and Iran pause strikes \| articles \| ING THINK](https://feedsoft.ai/events/8281-the-commodities-feed-oil-slumps-as-the-us-and-iran-pause-strikes-articles-ing.md) | -5.1% | -2.9% |
| BRENT | 2026-04-08 | [The Commodities Feed: Oil slumps below $100 after US, Iran agree to two-week ceasefire \| ING THINK](https://feedsoft.ai/events/10459-the-commodities-feed-oil-slumps-below-100-after-us-iran-agree-to-two-week.md) | -13.7% | -8.7% |
| BRENT | 2022-02-27 | [Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede - The HinduBusinessLine](https://feedsoft.ai/events/8528-ukraine-crisis-agri-commodities-prices-plunge-in-global-markets-as-supply-fears.md) | +23.1% | +23.8% |
| WTI | 2019-04-29 | [The Commodities Feed: Trump demands & Russian oil \| snaps \| ING THINK](https://feedsoft.ai/events/7601-the-commodities-feed-trump-demands-and-russian-oil-snaps-ing-think.md) | -2.1% | -7.6% |
| WTI | 2025-08-13 | [The Commodities Feed: Oil in wait-and-see mode ahead of Trump Vs. Putin \| articles \| ING THINK](https://feedsoft.ai/events/23271-the-commodities-feed-oil-in-wait-and-see-mode-ahead-of-trump-vs-putin-articles.md) | -1.3% | +0.0% |
| WTI | 2026-07-27 | [The Commodities Feed: Oil slumps as the US and Iran pause strikes \| articles \| ING THINK](https://feedsoft.ai/events/8281-the-commodities-feed-oil-slumps-as-the-us-and-iran-pause-strikes-articles-ing.md) | -5.8% | -4.1% |

## Sources

- think.ing.com: https://think.ing.com/snaps/the-commodities-feed-sell-off-across-the-complex/

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