# Oil set for fourth monthly gain amid supply risks

> December Brent futures were up about 2% at $117.14 a barrel as they neared expiry. The more active January contract gained to $113.10, and WTI rose 1.9% to $103.94. Oil is on track for a fourth monthly gain on supply risks.

- Date: 2026-10-30 · published 2026-10-31T10:05:52.348Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/2966-oil-set-for-fourth-monthly-gain-amid-supply-risks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistent supply risk keeps crude elevated, which raises energy and transport costs for feed production and supports biofuel-linked demand for oilseeds.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-09-16 | [Oil surges as Saudi attack focuses market on supply risks](https://feedsoft.ai/events/5707-oil-surges-as-saudi-attack-focuses-market-on-supply-risks.md) | +6.6% | -0.3% |
| BRENT | 2026-01-09 | [Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus \| Reuters](https://feedsoft.ai/events/11393-oil-gains-as-market-weighs-iran-russia-supply-risks-dealmaking-for-venezuela-in.md) | +3.7% | +9.6% |
| BRENT | 2019-09-19 | [Oil prices rise as Saudi supply risks come into focus](https://feedsoft.ai/events/57239-oil-prices-rise-as-saudi-supply-risks-come-into-focus.md) | -2.4% | -7.2% |
| BRENT | 2018-07-29 | [The risk of flashpoints escalate for global oil supply](https://feedsoft.ai/events/63934-the-risk-of-flashpoints-escalate-for-global-oil-supply.md) | -2.3% | +0.7% |
| BRENT | 2026-04-01 | [Front-month Brent oil futures extend gains after record monthly rise in March](https://feedsoft.ai/events/20346-front-month-brent-oil-futures-extend-gains-after-record-monthly-rise-in-march.md) | -12.2% | -1.1% |
| WTI | 2019-09-16 | [Oil surges as Saudi attack focuses market on supply risks](https://feedsoft.ai/events/5707-oil-surges-as-saudi-attack-focuses-market-on-supply-risks.md) | +5.8% | -0.1% |
| WTI | 2026-01-09 | [Oil gains as market weighs Iran, Russia supply risks; dealmaking for Venezuela in focus \| Reuters](https://feedsoft.ai/events/11393-oil-gains-as-market-weighs-iran-russia-supply-risks-dealmaking-for-venezuela-in.md) | +2.4% | +10.3% |
| WTI | 2019-09-19 | [Oil prices rise as Saudi supply risks come into focus](https://feedsoft.ai/events/57239-oil-prices-rise-as-saudi-supply-risks-come-into-focus.md) | -3.0% | -8.2% |

## Sources

- rte.ie: https://www.rte.ie/news/business/2026/1030/1597402-world-oil-prices/

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