# Oil Prices Spike to Over $110 a Barrel, Highest Since Pandemic - The New York Times

> Brent crude rose above $100 a barrel for the first time in roughly four years before settling just below that level. Oil is up about 37% since the United States and Israel began attacking Iran in February.

- Date: 2026-03-08 · published 2026-03-08T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/5233-oil-prices-spike-to-over-110-a-barrel-highest-since-pandemic-the-new-york-times
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A roughly 37% rise in crude since the conflict began raises energy and transport costs, pressuring feed margins and supporting vegetable oil and biofuel-linked prices.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2026-03-09 | 5 | +33.1% | 6.2 | Brent topped $100 for the first time in four years, reflecting the war premium. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-29 | [Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times](https://feedsoft.ai/events/19905-crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran.md) | -1.9% | -16.4% |
| BRENT | 2019-09-16 | [Saudi oil attacks push prices up by highest amount since 1988 \| Oil \| The Guardian](https://feedsoft.ai/events/5711-saudi-oil-attacks-push-prices-up-by-highest-amount-since-1988-oil-the-guardian.md) | +6.6% | -0.3% |
| BRENT | 2026-03-06 | [Iran conflict boosts US Gulf oil prices to highest since 2020 \| Reuters](https://feedsoft.ai/events/5575-iran-conflict-boosts-us-gulf-oil-prices-to-highest-since-2020-reuters.md) | +16.6% | +35.6% |
| 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 | 2020-04-13 | [OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic](https://feedsoft.ai/events/53540-opec-russia-approve-biggest-ever-oil-cut-to-support-prices-amid-coronavirus.md) | -6.7% | +8.6% |
| WTI | 2026-04-29 | [Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times](https://feedsoft.ai/events/19905-crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran.md) | +2.2% | -10.9% |
| WTI | 2019-09-16 | [Saudi oil attacks push prices up by highest amount since 1988 \| Oil \| The Guardian](https://feedsoft.ai/events/5711-saudi-oil-attacks-push-prices-up-by-highest-amount-since-1988-oil-the-guardian.md) | +5.8% | -0.1% |
| WTI | 2026-03-06 | [Iran conflict boosts US Gulf oil prices to highest since 2020 \| Reuters](https://feedsoft.ai/events/5575-iran-conflict-boosts-us-gulf-oil-prices-to-highest-since-2020-reuters.md) | +18.2% | +39.2% |

## Sources

- nytimes.com: https://www.nytimes.com/2026/03/08/business/energy-environment/oil-100-dollars-barrel.html

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