# NYMEX Overview: Petroleum Futures Back Off Earlier Highs But Still Seeing Solid Gains -- OPIS - MarketWatch

> Crude and refined product futures gained on Monday after the US and Iran traded military strikes over the weekend, though prices had pulled back from earlier highs. October WTI was up $1.73 at $85.13 a barrel, and September ULSD was up 14.72 cents at $4.5039 per gallon. The US reportedly struck rocket launchers said to be deployed to mine waters around the Strait of Hormuz.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/18068-nymex-overview-petroleum-futures-back-off-earlier-highs-but-still-seeing-solid
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Fighting in the Strait raises the risk of prolonged shipping disruption and tighter energy supply. Higher diesel prices increase haulage and freight costs for feed ingredients.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-24 | [Nymex Overview : Petroleum Futures Rising Amid Doubts About U.S.-Iran Talks -- OPIS \| MarketScreener](https://feedsoft.ai/events/8544-nymex-overview-petroleum-futures-rising-amid-doubts-about-u-s-iran-talks-opis.md) | +17.0% | +4.7% |
| WTI | 2019-01-31 | [Futures Movers: Oil Gains, With U.S. Prices Up More Than 20% For The Month - Global Financial Market Review](https://feedsoft.ai/events/61009-futures-movers-oil-gains-with-u-s-prices-up-more-than-20-for-the-month-global.md) | -0.4% | +5.0% |
| WTI | 2026-07-24 | [Grains Markets Hit New Highs on Black Sea Attacks, Crude Oil Rally](https://feedsoft.ai/events/18388-grains-markets-hit-new-highs-on-black-sea-attacks-crude-oil-rally.md) | -8.8% | -4.0% |
| WTI | 2022-02-23 | [Palm oil futures hit all-time high on bullish global energy, vegetable oil markets](https://feedsoft.ai/events/8760-palm-oil-futures-hit-all-time-high-on-bullish-global-energy-vegetable-oil.md) | +12.4% | +20.7% |
| WTI | 2025-10-23 | [Soybean, corn futures touch 1-month highs as crude oil soars — TradingView News](https://feedsoft.ai/events/22424-soybean-corn-futures-touch-1-month-highs-as-crude-oil-soars-tradingview-news.md) | +3.3% | +1.6% |
| DIESEL | 2026-03-24 | [Nymex Overview : Petroleum Futures Rising Amid Doubts About U.S.-Iran Talks -- OPIS \| MarketScreener](https://feedsoft.ai/events/8544-nymex-overview-petroleum-futures-rising-amid-doubts-about-u-s-iran-talks-opis.md) | +7.5% | -8.1% |
| DIESEL | 2019-01-31 | [Futures Movers: Oil Gains, With U.S. Prices Up More Than 20% For The Month - Global Financial Market Review](https://feedsoft.ai/events/61009-futures-movers-oil-gains-with-u-s-prices-up-more-than-20-for-the-month-global.md) | +0.8% | +6.9% |
| DIESEL | 2024-03-25 | [Crude futures surge 7pc to new four-year high \| Latest Market News](https://feedsoft.ai/events/31381-crude-futures-surge-7pc-to-new-four-year-high-latest-market-news.md) | -0.9% | -3.5% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/nymex-overview-petroleum-futures-back-off-earlier-highs-but-still-seeing-solid-gains-opis-66029adc

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