# Ukraine crisis: commodities prices surge as stock markets slump | Commodities | The Guardian

> Commodities including oil, gas and wheat surged on Thursday after war broke out in Europe, while stock markets plunged. Fears of sanctions on Russia added to the turmoil.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6312-ukraine-crisis-commodities-prices-surge-as-stock-markets-slump-commodities-the
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Energy and grain prices rose on supply risk from the conflict, which raises input and freight costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-02 | [Oil price jumps and markets slide after Trump warning to Iran \| Oil \| The Guardian](https://feedsoft.ai/events/12923-oil-price-jumps-and-markets-slide-after-trump-warning-to-iran-oil-the-guardian.md) | -2.8% | +8.2% |
| BRENT | 2025-06-17 | [Diesel Prices Surge as Israel-Iran War Pressures Market - TT](https://feedsoft.ai/events/8385-diesel-prices-surge-as-israel-iran-war-pressures-market-tt.md) | -1.7% | -5.5% |
| BRENT | 2022-03-23 | [How Russia's invasion of Ukraine rocked commodity markets](https://feedsoft.ai/events/6242-how-russia-s-invasion-of-ukraine-rocked-commodity-markets.md) | -5.9% | -10.6% |
| BRENT | 2026-07-22 | [Oil price rises above $95 mark as Middle East conflict escalates \| Oil \| The Guardian](https://feedsoft.ai/events/9932-oil-price-rises-above-95-mark-as-middle-east-conflict-escalates-oil-the-guardian.md) | -8.2% | +0.8% |
| BRENT | 2026-10-02 | [Markets Ablaze: Gas & LNG Prices Surge as Middle East Conflict Escalates](https://feedsoft.ai/events/17233-markets-ablaze-gas-and-lng-prices-surge-as-middle-east-conflict-escalates.md) | +7.5% | +9.7% |
| WTI | 2026-04-02 | [Oil price jumps and markets slide after Trump warning to Iran \| Oil \| The Guardian](https://feedsoft.ai/events/12923-oil-price-jumps-and-markets-slide-after-trump-warning-to-iran-oil-the-guardian.md) | -2.2% | +6.1% |
| WTI | 2022-03-17 | [The Invasion of Ukraine is Accelerating the Supercycle in Commodities \| Goldman Sachs](https://feedsoft.ai/events/9948-the-invasion-of-ukraine-is-accelerating-the-supercycle-in-commodities-goldman.md) | +21.1% | +9.8% |
| 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% |

## Sources

- theguardian.com: https://www.theguardian.com/business/2022/feb/24/gas-and-oil-prices-surge-amid-fears-of-global-energy-shortage-russia-ukraine

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