# Oil prices rise as Saudi supply risks come into focus

> Oil prices rose sharply on September 19 on supply risks from drone attacks on Saudi infrastructure and a US interest rate cut. Brent gained $1.44 to $65.04 and WTI rose 89 cents to $59, and Saudi Arabia pledged full capacity by end-November.

- Date: 2019-09-19 · published 2019-09-19T12:00:00.000Z
- Category: geopolitics · region Saudi Arabia · magnitude medium
- Page: https://feedsoft.ai/events/57239-oil-prices-rise-as-saudi-supply-risks-come-into-focus
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Saudi plans leave little spare capacity for months, so any further outage would be price supportive, keeping energy costs elevated for feed makers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| WTI | 2019-03-01 | [Oil prices rise as markets tighten due to OPEC supply cuts](https://feedsoft.ai/events/60286-oil-prices-rise-as-markets-tighten-due-to-opec-supply-cuts.md) | -1.0% | +3.6% |
| WTI | 2023-08-31 | [Oil Supply Prices: Oil prices up on tighter supply, China PMI in focus, ETAuto](https://feedsoft.ai/events/34759-oil-supply-prices-oil-prices-up-on-tighter-supply-china-pmi-in-focus-etauto.md) | +6.4% | +12.3% |
| WTI | 2022-08-29 | [Oil prices climb on OPEC supply cut prospect, rise in demand](https://feedsoft.ai/events/40197-oil-prices-climb-on-opec-supply-cut-prospect-rise-in-demand.md) | -6.7% | -17.6% |
| WTI | 2023-03-28 | [Oil prices rise on Kurdish supply risks and banking relief \| Reuters](https://feedsoft.ai/events/37042-oil-prices-rise-on-kurdish-supply-risks-and-banking-relief-reuters.md) | +10.4% | +5.8% |
| 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 | 2023-08-31 | [Oil Supply Prices: Oil prices up on tighter supply, China PMI in focus, ETAuto](https://feedsoft.ai/events/34759-oil-supply-prices-oil-prices-up-on-tighter-supply-china-pmi-in-focus-etauto.md) | +5.7% | +12.3% |
| BRENT | 2019-03-01 | [Oil prices rise as markets tighten due to OPEC supply cuts](https://feedsoft.ai/events/60286-oil-prices-rise-as-markets-tighten-due-to-opec-supply-cuts.md) | +0.0% | +2.2% |

## Sources

- gulfnews.com: https://gulfnews.com/business/energy/oil-prices-rise-as-saudi-supply-risks-come-into-focus-1.66525859

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