# Oil rises 4% on supply threats, still set for weekly drop | Reuters

> Oil rose about 4% on Sept 9, with Brent settling near $92, supported by real and threatened supply cuts. Futures still posted a second weekly decline as aggressive interest rate hikes and China's demand concerns weighed.

- Date: 2022-09-09 · published 2022-09-09T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/39767-oil-rises-4-on-supply-threats-still-set-for-weekly-drop-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Threatened supply cuts add a risk premium that lifts crude and diesel costs for feed producers. Demand worries from rate hikes and China limit how far the rally can extend.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-04-01 | [Oil prices rise for second consecutive week on expected tighter supply](https://feedsoft.ai/events/25750-oil-prices-rise-for-second-consecutive-week-on-expected-tighter-supply.md) | -14.2% | -15.6% |
| BRENT | 2019-01-04 | [Oil set for biggest weekly gain since 2016 on Saudi supply cut](https://feedsoft.ai/events/10833-oil-set-for-biggest-weekly-gain-since-2016-on-saudi-supply-cut.md) | +11.9% | +13.9% |
| BRENT | 2022-10-05 | [Oil rises to 3-week highs as OPEC+ agrees to deep cuts, U.S. stockpiles fall \| Reuters](https://feedsoft.ai/events/39283-oil-rises-to-3-week-highs-as-opec-agrees-to-deep-cuts-u-s-stockpiles-fall.md) | +2.1% | +2.3% |
| BRENT | 2023-06-04 | [Oil rises on Saudi plan to deepen output cuts from July \| Reuters](https://feedsoft.ai/events/35654-oil-rises-on-saudi-plan-to-deepen-output-cuts-from-july-reuters.md) | -1.7% | -1.8% |
| BRENT | 2023-08-31 | [Russia promises to unveil new OPEC+ supply cut deal next week \| Reuters](https://feedsoft.ai/events/34493-russia-promises-to-unveil-new-opec-supply-cut-deal-next-week-reuters.md) | +5.7% | +12.3% |
| WTI | 2025-04-01 | [Oil prices rise for second consecutive week on expected tighter supply](https://feedsoft.ai/events/25750-oil-prices-rise-for-second-consecutive-week-on-expected-tighter-supply.md) | -15.1% | -14.5% |
| WTI | 2019-01-04 | [Oil set for biggest weekly gain since 2016 on Saudi supply cut](https://feedsoft.ai/events/10833-oil-set-for-biggest-weekly-gain-since-2016-on-saudi-supply-cut.md) | +11.7% | +14.6% |
| WTI | 2022-10-05 | [Oil rises to 3-week highs as OPEC+ agrees to deep cuts, U.S. stockpiles fall \| Reuters](https://feedsoft.ai/events/39283-oil-rises-to-3-week-highs-as-opec-agrees-to-deep-cuts-u-s-stockpiles-fall.md) | +3.3% | +1.9% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-retreat-demand-destruction-fears-benchmarks-off-4-week-2022-09-09/

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