# Oil Context Weekly (W43) - by Rory Johnston

> Flat crude prices rose nearly $5 a barrel after US sanctions on major Russian oil exporters were announced. Commentators said the sanctions could tighten markets that had been weakening, though the market remains sceptical after similar threats this year. Crude term structure also strengthened.

- Date: 2025-10-24 · published 2025-10-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10177-oil-context-weekly-w43-by-rory-johnston
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

If the sanctions hold, they would remove significant Russian supply and tighten balances, supporting crude and diesel prices. Buyers should watch whether the threat is enforced.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-06-21 | [U.S. oil soars 10% in week on fears of U.S.-Iran conflict](https://feedsoft.ai/events/12313-u-s-oil-soars-10-in-week-on-fears-of-u-s-iran-conflict.md) | +4.3% | -2.3% |
| WTI | 2026-05-17 | [Oil prices rise 3% to two-week high on Iran war supply concerns \| Reuters](https://feedsoft.ai/events/19430-oil-prices-rise-3-to-two-week-high-on-iran-war-supply-concerns-reuters.md) | -8.1% | -22.7% |
| WTI | 2019-06-21 | [Oil rises, bringing rally to more than 9% this week](https://feedsoft.ai/events/12315-oil-rises-bringing-rally-to-more-than-9-this-week.md) | +4.3% | -2.3% |
| WTI | 2026-04-29 | [ICE canola weekly: Crude oil key to canola strength \| Farmtario](https://feedsoft.ai/events/19854-ice-canola-weekly-crude-oil-key-to-canola-strength-farmtario.md) | +2.2% | -10.9% |
| WTI | 2025-02-19 | [Oil holds near one-week high on supply concerns, sanctions on Russia eyed \| Reuters](https://feedsoft.ai/events/26210-oil-holds-near-one-week-high-on-supply-concerns-sanctions-on-russia-eyed-reuters.md) | -4.2% | -6.7% |
| BRENT | 2019-06-21 | [U.S. oil soars 10% in week on fears of U.S.-Iran conflict](https://feedsoft.ai/events/12313-u-s-oil-soars-10-in-week-on-fears-of-u-s-iran-conflict.md) | +2.7% | -5.6% |
| BRENT | 2026-05-17 | [Oil prices rise 3% to two-week high on Iran war supply concerns \| Reuters](https://feedsoft.ai/events/19430-oil-prices-rise-3-to-two-week-high-on-iran-war-supply-concerns-reuters.md) | -5.7% | -24.9% |
| BRENT | 2019-06-21 | [Oil rises, bringing rally to more than 9% this week](https://feedsoft.ai/events/12315-oil-rises-bringing-rally-to-more-than-9-this-week.md) | +2.7% | -5.6% |

## Sources

- commoditycontext.com: https://www.commoditycontext.com/p/ocw43w25

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