# Market Talk | The Relentless Recovery Rally For Energy Contracts Is Continuing For A 5th Straight Session

> Energy futures extended a recovery rally for a fifth straight session as traders awaited Israeli retaliation against Iran after missile barrages. A major hurricane was moving through the Gulf of Mexico, though it was expected to largely miss oil production and refining hubs.

- Date: 2024-10-07 · published 2024-10-07T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/11685-market-talk-the-relentless-recovery-rally-for-energy-contracts-is-continuing
- 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

Energy price strength tied to Middle East escalation raises fuel and freight costs for feed makers. Analysts warn of possible downside in RBOB and ULSD if the market sells the news after an Israeli attack.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-01-10 | [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](https://feedsoft.ai/events/10350-market-talk-the-energy-complex-is-in-a-technical-breakout-to-the-upside-this.md) | +7.0% | -3.7% |
| WTI | 2026-04-09 | [Market Talk \| Volatility Returns As Energy Markets Grapple With Strait Of Hormuz Shutdown](https://feedsoft.ai/events/10460-market-talk-volatility-returns-as-energy-markets-grapple-with-strait-of-hormuz.md) | -3.3% | +2.0% |
| WTI | 2019-08-19 | [Oil rises as markets factor in latest attack on Saudi energy facility \| The National](https://feedsoft.ai/events/57774-oil-rises-as-markets-factor-in-latest-attack-on-saudi-energy-facility-the.md) | -1.3% | -0.1% |
| WTI | 2022-02-24 | [Afternoon Market Recap for February 24, 2022 – The Seam](https://feedsoft.ai/events/8526-afternoon-market-recap-for-february-24-2022-the-seam.md) | +20.2% | +24.7% |
| WTI | 2026-03-17 | [War-driven diesel rally continues to lift soybean oil amid renewable diesel margin strength - Fastmarkets](https://feedsoft.ai/events/4711-war-driven-diesel-rally-continues-to-lift-soybean-oil-amid-renewable-diesel.md) | -4.8% | -1.0% |
| BRENT | 2025-01-10 | [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](https://feedsoft.ai/events/10350-market-talk-the-energy-complex-is-in-a-technical-breakout-to-the-upside-this.md) | +5.4% | -4.2% |
| BRENT | 2026-04-09 | [Market Talk \| Volatility Returns As Energy Markets Grapple With Strait Of Hormuz Shutdown](https://feedsoft.ai/events/10460-market-talk-volatility-returns-as-energy-markets-grapple-with-strait-of-hormuz.md) | -2.9% | -4.7% |
| BRENT | 2019-08-19 | [Oil rises as markets factor in latest attack on Saudi energy facility \| The National](https://feedsoft.ai/events/57774-oil-rises-as-markets-factor-in-latest-attack-on-saudi-energy-facility-the.md) | +0.3% | +3.3% |

## Sources

- tacenergy.com: https://www.tacenergy.com/news-and-views/market-talk/the-relentless-recovery-rally-for-energy-contracts-is-continuing-for-a-5th-straight-session

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