Dated Brent assessed at $106.52/b Feb 24, highest since July 2014

S&P Global Platts assessed the Dated Brent benchmark at $106.52/b Feb. 24, up $6.035/b day on day, as outright price markets surged due to Russia's military invasion of Ukraine.

This was the highest the global benchmark has been assessed since July 29, 2014, when it was assessed at $106.54/b.

Energy prices surged Feb. 24 after Russian invasion of Ukraine.

Platts assessed the May cash BFOE contract at $99.83/b Feb. 24, up $5.22/b day on day.

End-users have been looking away from Russian-loading crudes in recent days, which could in turn provide support for alternative North Sea grades such as Forties and Johan Sverdrup.