# Market Talk | Trade Optimism While Energy Prices Continue To Rally

> Energy prices rallied on Thursday and Friday on trade optimism and new US sanctions targeting buyers of Iranian crude, including a third Chinese refinery and shadow fleet ships. West Coast refinery upsets, including a fire at Valero Benicia, pushed West Coast basis higher.

- Date: 2025-05-09 · published 2025-05-09T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/12546-market-talk-trade-optimism-while-energy-prices-continue-to-rally
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher refined product prices and crack spreads raise the cost of energy inputs, while sanctions tighten crude supply and support diesel and gasoline prices.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-02-03 | [Market Talk \| Volatility Returns: Fuel Prices Climb As Natural Gas Retreats And Global Tensions Rise](https://feedsoft.ai/events/5926-market-talk-volatility-returns-fuel-prices-climb-as-natural-gas-retreats-and.md) | +3.1% | +38.0% |
| DIESEL | 2022-05-06 | [U.S. fuel prices surge faster than crude as exports tighten market](https://feedsoft.ai/events/41591-u-s-fuel-prices-surge-faster-than-crude-as-exports-tighten-market.md) | +2.0% | -2.9% |
| DIESEL | 2026-05-05 | [Booming US energy exports draw scrutiny as domestic fuel prices bite \| Reuters](https://feedsoft.ai/events/19458-booming-us-energy-exports-draw-scrutiny-as-domestic-fuel-prices-bite-reuters.md) | -1.8% | -9.5% |
| DIESEL | 2025-05-12 | [Oil Prices Jump on US-China Tariff Reduction](https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction.md) | +3.4% | +3.8% |
| DIESEL | 2025-02-14 | [Diesel Trade Dries Up Leaving Europe Exposed \| Energy Intelligence](https://feedsoft.ai/events/26243-diesel-trade-dries-up-leaving-europe-exposed-energy-intelligence.md) | -5.2% | -15.6% |
| WTI | 2025-05-09 | [Week in Review: Fuel Prices Climb on Trade Talks and US Supply Strains - Mansfield Energy](https://feedsoft.ai/events/12548-week-in-review-fuel-prices-climb-on-trade-talks-and-us-supply-strains-mansfield.md) | +2.9% | +7.0% |
| WTI | 2019-01-04 | [Oil prices rise on US-China trade talks and OPEC cuts](https://feedsoft.ai/events/10834-oil-prices-rise-on-us-china-trade-talks-and-opec-cuts.md) | +11.7% | +14.6% |
| WTI | 2019-06-18 | [Oil rallies as progress toward a trade deal eases demand worries - MarketWatch](https://feedsoft.ai/events/58757-oil-rallies-as-progress-toward-a-trade-deal-eases-demand-worries-marketwatch.md) | +11.3% | +10.7% |

## Sources

- tacenergy.com: https://www.tacenergy.com/news-and-views/market-talk/trade-optimism-while-energy-prices-continue-to-rally

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