# Oil Price Rally Steers Crude Towards Weekly Gain - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Oil prices rose about 1% on Friday and were on track for weekly gains, as Hurricane Francine forced evacuations and shut in about 42% of Gulf of Mexico output. Supply disruption in Libya and a weaker dollar also supported prices.

- Date: 2024-09-13 · published 2024-09-13T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/10173-oil-price-rally-steers-crude-towards-weekly-gain-energy-news-top-headlines
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Ongoing Gulf supply losses and a weaker dollar support crude prices, which keeps energy costs firm for feed production and transport.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-01-23 | [US energy sector braces for winter storm as crude and natural gas output fall \| Reuters](https://feedsoft.ai/events/4761-us-energy-sector-braces-for-winter-storm-as-crude-and-natural-gas-output-fall.md) | +9.6% | +12.3% |
| WTI | 2023-06-21 | [Oil rallies as grain markets tighten, dollar falls on Fed Chair comments](https://feedsoft.ai/events/9771-oil-rallies-as-grain-markets-tighten-dollar-falls-on-fed-chair-comments.md) | -4.4% | +6.5% |
| WTI | 2017-08-27 | [Crude oil futures - weekly outlook: August 28 - September 1](https://feedsoft.ai/events/69606-crude-oil-futures-weekly-outlook-august-28-september-1.md) | -0.9% | +8.9% |
| WTI | 2024-11-11 | [U.S. Natural Gas Prices Jump Over 10% After Hurricane Rafael Hits \| OilPrice.com](https://feedsoft.ai/events/7028-u-s-natural-gas-prices-jump-over-10-after-hurricane-rafael-hits-oilprice-com.md) | -4.8% | -2.9% |
| WTI | 2021-09-30 | [Weekly Energy Market Situation—Sept. 27, 2021 - Fuels Market News](https://feedsoft.ai/events/45247-weekly-energy-market-situation-sept-27-2021-fuels-market-news.md) | +3.5% | +10.2% |
| BRENT | 2023-06-21 | [Oil rallies as grain markets tighten, dollar falls on Fed Chair comments](https://feedsoft.ai/events/9771-oil-rallies-as-grain-markets-tighten-dollar-falls-on-fed-chair-comments.md) | -5.0% | +4.9% |
| BRENT | 2017-08-27 | [Crude oil futures - weekly outlook: August 28 - September 1](https://feedsoft.ai/events/69606-crude-oil-futures-weekly-outlook-august-28-september-1.md) | +1.1% | +10.3% |
| BRENT | 2024-11-05 | [Oil prices edge up on Gulf of Mexico storm ahead of US election results](https://feedsoft.ai/events/27566-oil-prices-edge-up-on-gulf-of-mexico-storm-ahead-of-us-election-results.md) | -4.0% | -3.6% |

## Sources

- energynow.com: https://energynow.com/2024/09/oil-price-rally-steers-crude-towards-weekly-gain/

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