# Oil rises from 9-month low on U.S. Gulf supply cuts, softer dollar

> Oil rose from a nine-month low as supply curbs in the U.S. Gulf ahead of Hurricane Ian and a softer dollar supported prices. Brent ended at $86.27, up 2.6%, and WTI rose 2.33% to $78.50.

- Date: 2022-10-01 · published 2022-10-01T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/39751-oil-rises-from-9-month-low-on-u-s-gulf-supply-cuts-softer-dollar
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hurricane-related Gulf shut-ins tighten near-term crude supply, lifting energy input costs. The dollar softening adds support but the broader trend is weak.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-09-12 | [Oil rises 2% as storm batters US Gulf of Mexico production](https://feedsoft.ai/events/10166-oil-rises-2-as-storm-batters-us-gulf-of-mexico-production.md) | +5.1% | +9.0% |
| BRENT | 2020-10-27 | [Oil jumps more than 2% on U.S. Gulf shutdowns](https://feedsoft.ai/events/50819-oil-jumps-more-than-2-on-u-s-gulf-shutdowns.md) | -3.5% | +14.5% |
| BRENT | 2026-01-16 | [Oil prices rise as supply risk remain in focus](https://feedsoft.ai/events/11394-oil-prices-rise-as-supply-risk-remain-in-focus.md) | -0.3% | +5.7% |
| BRENT | 2023-06-21 | [Oil rallies as grain markets tighten, dollar falls on Fed Chair comments](https://feedsoft.ai/events/9771-oil-rallies-as-grain-markets-tighten-dollar-falls-on-fed-chair-comments.md) | -5.0% | +4.9% |
| BRENT | 2020-09-15 | [Oil jumps nearly 3% as Gulf Coast storm forces output cuts](https://feedsoft.ai/events/51283-oil-jumps-nearly-3-as-gulf-coast-storm-forces-output-cuts.md) | +4.6% | +5.2% |
| WTI | 2024-09-12 | [Oil rises 2% as storm batters US Gulf of Mexico production](https://feedsoft.ai/events/10166-oil-rises-2-as-storm-batters-us-gulf-of-mexico-production.md) | +5.3% | +8.4% |
| WTI | 2020-10-27 | [Oil jumps more than 2% on U.S. Gulf shutdowns](https://feedsoft.ai/events/50819-oil-jumps-more-than-2-on-u-s-gulf-shutdowns.md) | -4.6% | +11.7% |
| WTI | 2026-01-16 | [Oil prices rise as supply risk remain in focus](https://feedsoft.ai/events/11394-oil-prices-rise-as-supply-risk-remain-in-focus.md) | +2.8% | +6.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/09/27/oil-markets-supply-opec-prices-output-economic-downturn.html

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