# Oil prices jump as attack on Saudi plant jolts supply | AP News

> Oil prices jumped after an attack on a Saudi plant disrupted supply, with the increase matching the 1991 Gulf War spike. Analysts said Middle East tensions could keep prices elevated for some time. The wider economic impact depends on how long the Saudi disruption lasts.

- Date: 2019-09-16 · published 2019-09-16T12:00:00.000Z
- Category: geopolitics · region Saudi Arabia · magnitude high
- Page: https://feedsoft.ai/events/5706-oil-prices-jump-as-attack-on-saudi-plant-jolts-supply-ap-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Prolonged loss of Saudi output would keep crude and energy input costs high. That raises costs for feed producers and supports vegetable oil and biofuel-linked prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2019-09-16 | 1 | +11.7% | 4.6 | Describes the price spike from the supply disruption and the expectation that Middle East tensions will keep prices elevated. |
| BRENT | 2019-09-15 | 1 | +7.1% | 4.6 | Reports the price jump matching the 1991 Gulf War spike, with analysts expecting elevated prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-09-16 | [Oil prices leap as attack on Saudi facility disrupts output \| AP News](https://feedsoft.ai/events/6928-oil-prices-leap-as-attack-on-saudi-facility-disrupts-output-ap-news.md) | +6.6% | -0.3% |
| BRENT | 2026-10-11 | [Oil Prices Jump 2% on Saudi Attacks as OPEC Sees Demand Rebound](https://feedsoft.ai/events/17243-oil-prices-jump-2-on-saudi-attacks-as-opec-sees-demand-rebound.md) | +1.0% | -2.7% |
| 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 | 2019-09-16 | [Attack On Saudi Oil Facilities Makes Oil Prices Spike : NPR](https://feedsoft.ai/events/6929-attack-on-saudi-oil-facilities-makes-oil-prices-spike-npr.md) | +6.6% | -0.3% |
| 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% |
| WTI | 2019-09-16 | [Oil prices leap as attack on Saudi facility disrupts output \| AP News](https://feedsoft.ai/events/6928-oil-prices-leap-as-attack-on-saudi-facility-disrupts-output-ap-news.md) | +5.8% | -0.1% |
| WTI | 2026-10-11 | [Oil Prices Jump 2% on Saudi Attacks as OPEC Sees Demand Rebound](https://feedsoft.ai/events/17243-oil-prices-jump-2-on-saudi-attacks-as-opec-sees-demand-rebound.md) | +7.5% | +4.9% |
| 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% |

## Sources

- apnews.com: https://apnews.com/article/b6548f2c651343b39192a56ea2389701

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