ICE Brent, NYMEX WTI crude surges more than 5% as Russia launches military operations in Ukraine

Front-month ICE Brent and NYMEX WTI crude oil futures surged more than 5% Feb. 24 during Asia trading hours after Russia launched military operations in Ukraine . The April ICE Brent futures contract hit an intra-day high of $100/b in late morning trade before quickly rising to $101/b. At 12:30 pm Singapore time (0430 GMT), the ICE April Brent futures…