# Factbox: Global oil benchmarks rally above $100/b as markets shun Russian barrels

> Global crude benchmarks rose above $100 a barrel on March 1 as Dated Brent jumped nearly $10 and Russian Urals discounts widened. Traders shunned Russian barrels and sought alternative supplies, and there was an increased push to ban imports from Russia.

- Date: 2022-03-02 · published 2022-03-02T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/6285-factbox-global-oil-benchmarks-rally-above-100-b-as-markets-shun-russian-barrels
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Buyers avoiding Russian crude widen regional discounts and lift benchmark prices, adding to energy and logistics costs for feed producers. Possible import bans would sustain the price pressure.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2022-03-01 | 1 | +7.6% | 3.4 | Describes March 1 benchmark rally above $100, with Dated Brent up nearly $10 as traders shunned Russian barrels and Urals discounts widened, a direct supply-shift driver of the move. |
| BRENT | 2022-03-04 | 5 | +25.7% | 5.2 | Dated Brent jumped nearly $10 and Urals discounts widened as traders shunned Russian barrels, tightening physical supply on March 1. |
| BRENT | 2022-03-02 | 1 | +7.4% | 3.6 | Dated Brent jumped nearly $10 and Urals discounts widened as traders shunned Russian barrels, tightening prompt supply. |
| BRENT | 2022-03-07 | 5 | +23.6% | 5.8 | Dated Brent jumped and benchmarks rose above $100 as traders avoided Russian barrels, tightening supply. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-02-06 | [U.S., global oil benchmarks split ways as Russia resists deeper OPEC+ output cuts - MarketWatch](https://feedsoft.ai/events/54750-u-s-global-oil-benchmarks-split-ways-as-russia-resists-deeper-opec-output-cuts.md) | +0.6% | -6.9% |
| BRENT | 2022-06-02 | [OPEC+ raises output faster as Russia's war roils global energy markets](https://feedsoft.ai/events/40838-opec-raises-output-faster-as-russia-s-war-roils-global-energy-markets.md) | +6.0% | -0.6% |
| BRENT | 2025-10-23 | [Oil markets rally following US sanctions on Russian oil giants](https://feedsoft.ai/events/10176-oil-markets-rally-following-us-sanctions-on-russian-oil-giants.md) | +4.1% | +1.9% |
| BRENT | 2026-04-28 | [Oil Prices Surge as Hormuz Tensions Push WTI Near $100 and Brent Above $111, Threatening Global Energy Markets](https://feedsoft.ai/events/19906-oil-prices-surge-as-hormuz-tensions-push-wti-near-100-and-brent-above-111.md) | +4.8% | -8.9% |
| BRENT | 2026-07-31 | [Market Talk \| Refiners Benefit As Global Diesel Shortfall Persists](https://feedsoft.ai/events/18535-market-talk-refiners-benefit-as-global-diesel-shortfall-persists.md) | -4.9% | -0.6% |
| WTI | 2022-06-02 | [OPEC+ raises output faster as Russia's war roils global energy markets](https://feedsoft.ai/events/40838-opec-raises-output-faster-as-russia-s-war-roils-global-energy-markets.md) | +5.8% | -7.1% |
| WTI | 2025-10-23 | [Oil markets rally following US sanctions on Russian oil giants](https://feedsoft.ai/events/10176-oil-markets-rally-following-us-sanctions-on-russian-oil-giants.md) | +3.3% | +1.6% |
| WTI | 2026-04-28 | [Oil Prices Surge as Hormuz Tensions Push WTI Near $100 and Brent Above $111, Threatening Global Energy Markets](https://feedsoft.ai/events/19906-oil-prices-surge-as-hormuz-tensions-push-wti-near-100-and-brent-above-111.md) | +10.1% | -2.4% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/030222-global-oil-benchmarks-rally-above-100b-as-markets-shun-russian-barrels

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