oil prices popped higher on thursday after one crude benchmark fell by the most in two years in wednesday trading volatility is expected to remain as the russian invasion of ukraine continues to roil commodity markets futures for us benchmark west texas intermediate crude rose 4 to above 113 a barrel with international oil benchmark brent up more than 5 to near 117 wti slipped 12 on wednesday with brent down 13—the biggest oneday percentage drop since april 2020