# Recent surge in WTI price curbs US oil flows to Europe, Asia | Reuters

> The surge in WTI prices, driven by Saudi-led OPEC+ supply cuts and falling U.S. shale output, is changing global crude trade flows. U.S. oil is staying home instead of moving to Europe and Asia. That has lifted demand and prices for other crudes imported by those regions.

- Date: 2023-09-19 · published 2023-09-19T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34279-recent-surge-in-wti-price-curbs-us-oil-flows-to-europe-asia-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Redirected crude flows tighten supply in import markets and raise global energy costs. Higher fuel and freight costs feed through to ag transport and processing margins.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-07-31 | [Asia steps up US WTI oil imports as Middle East prices rise, sources say \| MarketScreener](https://feedsoft.ai/events/23933-asia-steps-up-us-wti-oil-imports-as-middle-east-prices-rise-sources-say.md) | -8.0% | -9.0% |
| 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 | 2020-06-22 | [Asian Buyers Turn to U.S. Oil Amid Uncertain Flows From OPEC - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/52788-asian-buyers-turn-to-u-s-oil-amid-uncertain-flows-from-opec-energy-news-top.md) | -3.1% | +2.8% |
| WTI | 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) | +2.4% | +6.2% |
| 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% |
| BRENT | 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) | +11.9% | +13.9% |
| BRENT | 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) | +1.9% | +5.9% |
| BRENT | 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) | +3.1% | +7.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/recent-surge-wti-price-curbs-us-oil-flows-europe-asia-2023-09-19/

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