# Market Talk | The Energy Complex Is In A Technical Breakout To The Upside This Morning With Crude and Refined Product Contracts Up 3-4 Percent Overnight

> Crude and refined product futures rose 3-4% overnight to multi-month highs, with ULSD trading above $2.48/gal for the first time since July. Traders attributed the move to expected new US sanctions on Russia and possibly Iran, plus concern over China's port restrictions on sanctioned vessels. Kinder Morgan's Los Angeles product pipelines were shut for precautionary reasons.

- Date: 2025-01-10 · published 2025-01-10T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10350-market-talk-the-energy-complex-is-in-a-technical-breakout-to-the-upside-this
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Expected sanctions on Russian and Iranian oil could tighten supply of crude and diesel, lifting energy input costs for feed producers. Pipeline disruptions in California add regional fuel supply risk.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2025-01-15 | 5 | +11.3% | 3.2 | ULSD broke out above $2.48/gal on sanctions expectations and China port restrictions on sanctioned vessels, a supply-risk and technical momentum driver. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-10-07 | [Market Talk \| The Relentless Recovery Rally For Energy Contracts Is Continuing For A 5th Straight Session](https://feedsoft.ai/events/11685-market-talk-the-relentless-recovery-rally-for-energy-contracts-is-continuing.md) | +1.6% | -6.7% |
| WTI | 2026-04-28 | [Oil Prices Surge as Hormuz Tensions Push WTI Near $100 and Brent Above $111, Threatening Global Energy Markets](https://feedsoft.ai/events/19906-oil-prices-surge-as-hormuz-tensions-push-wti-near-100-and-brent-above-111.md) | +10.1% | -2.4% |
| WTI | 2020-04-13 | [African Energy Chamber  / Press release \| The 10th OPEC/Non-OPEC Declaration of Cooperation Ministerial Meeting to conclude the curtailment of crude oil production by 9.7 million barrels](https://feedsoft.ai/events/53547-african-energy-chamber-press-release-the-10th-opec-non-opec-declaration-of.md) | -19.9% | +5.3% |
| WTI | 2026-03-02 | [Rystad Energy: OPEC+ announces crude production increase following US-Israel strikes on Iran \| Oilfield Technology](https://feedsoft.ai/events/20083-rystad-energy-opec-announces-crude-production-increase-following-us-israel.md) | +35.6% | +50.4% |
| WTI | 2026-04-29 | [Reuters reports the UAE plans to exit OPEC on 1 May, highlighting Gulf rifts amid Iran-war energy crisis - VT Markets](https://feedsoft.ai/events/19904-reuters-reports-the-uae-plans-to-exit-opec-on-1-may-highlighting-gulf-rifts.md) | +2.2% | -10.9% |
| BRENT | 2024-10-07 | [Market Talk \| The Relentless Recovery Rally For Energy Contracts Is Continuing For A 5th Straight Session](https://feedsoft.ai/events/11685-market-talk-the-relentless-recovery-rally-for-energy-contracts-is-continuing.md) | +1.2% | -6.8% |
| BRENT | 2022-03-22 | [Vitamin amino acid industry: costs push up product prices, and the bottom of demand is expected to pick up \| China Stock Market News](https://feedsoft.ai/events/42199-vitamin-amino-acid-industry-costs-push-up-product-prices-and-the-bottom-of.md) | -4.6% | -10.5% |
| BRENT | 2026-04-28 | [Oil Prices Surge as Hormuz Tensions Push WTI Near $100 and Brent Above $111, Threatening Global Energy Markets](https://feedsoft.ai/events/19906-oil-prices-surge-as-hormuz-tensions-push-wti-near-100-and-brent-above-111.md) | +4.8% | -8.9% |

## Sources

- tacenergy.com: https://www.tacenergy.com/news-and-views/market-talk/the-energy-complex-is-in-a-technical-breakout-to-the-upside-this-morning-with-crude-and-refined-product-contracts-up-3-4-percent-overnight

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