# Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia

> Oil prices rose more than 20% in 2019 without sharp spikes, despite attacks on Saudi Arabia, sanctions on OPEC members and large supply cuts. Analysts expect prices to stay rangebound in 2020 as US supply grows.

- Date: 2019-12-30 · published 2019-12-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/55730-oil-price-rise-muted-in-2019-despite-sanctions-supply-cuts-attack-in-saudi
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected rangebound crude and growing US supply suggest limited energy-cost pressure on feed and biofuel margins in 2020.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-09-30 | [Arab News \| Oil prices ‘likely to remain static despite output cuts’](https://feedsoft.ai/events/51279-arab-news-oil-prices-likely-to-remain-static-despite-output-cuts.md) | +3.7% | +0.8% |
| WTI | 2019-03-18 | [Oil on the horns of a dilemma as slowdown, supply cuts play out, ETAuto](https://feedsoft.ai/events/60285-oil-on-the-horns-of-a-dilemma-as-slowdown-supply-cuts-play-out-etauto.md) | +0.7% | +9.2% |
| WTI | 2026-07-29 | [ING Says Dollar to Take Cue from Oil Prices If Fed Holds Rate \| Financial Post](https://feedsoft.ai/events/18262-ing-says-dollar-to-take-cue-from-oil-prices-if-fed-holds-rate-financial-post.md) | -4.4% | +3.8% |
| WTI | 2020-05-25 | [Low oil prices a consolation prize for container, dry bulk shipping - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/53345-low-oil-prices-a-consolation-prize-for-container-dry-bulk-shipping-supply-chain.md) | +6.2% | +21.4% |
| WTI | 2020-12-03 | [Why the OPEC+ agreement to boost production in 2021 didn’t tank oil prices - MarketWatch](https://feedsoft.ai/events/49827-why-the-opec-agreement-to-boost-production-in-2021-didn-t-tank-oil-prices.md) | +0.5% | +7.0% |
| BRENT | 2020-09-30 | [Arab News \| Oil prices ‘likely to remain static despite output cuts’](https://feedsoft.ai/events/51279-arab-news-oil-prices-likely-to-remain-static-despite-output-cuts.md) | +3.1% | -0.6% |
| BRENT | 2019-03-18 | [Oil on the horns of a dilemma as slowdown, supply cuts play out, ETAuto](https://feedsoft.ai/events/60285-oil-on-the-horns-of-a-dilemma-as-slowdown-supply-cuts-play-out-etauto.md) | +0.0% | +7.4% |
| BRENT | 2025-01-09 | [How geopolitics will ripple through oil prices in 2025 \| Goldman Sachs](https://feedsoft.ai/events/26688-how-geopolitics-will-ripple-through-oil-prices-in-2025-goldman-sachs.md) | +7.8% | -2.7% |

## Sources

- reuters.com: https://www.reuters.com/article/us-global-oil-prices/oil-price-rise-muted-in-2019-despite-sanctions-supply-cuts-attack-in-saudi-arabia-idUSKBN1YY0AC/

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