# Negativity on oil, Trump and repo rate

> The attack on a Saudi oil installation reportedly removed about half of the kingdom's production capacity, unsettling stock and emerging-market currency markets. The rand fell sharply the prior week, while the Fed cut rates but signaled no start to a downward cycle, and the SARB held rates.

- Date: 2019-09-23 · published 2019-09-23T12:00:00.000Z
- Category: geopolitics · region Saudi Arabia · magnitude medium
- Page: https://feedsoft.ai/events/57367-negativity-on-oil-trump-and-repo-rate
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Oil supply disruption and a hawkish Fed weigh on emerging-market currencies, raising import costs for South African feed buyers and keeping energy-driven inflation risk elevated.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-03-31 | [IEF Comparative Analysis of Monthly Reports on the Oil Market](https://feedsoft.ai/events/48042-ief-comparative-analysis-of-monthly-reports-on-the-oil-market.md) | -1.9% | +5.4% |
| BRENT | 2026-05-01 | [U.S. oil hovers near $100 on report Trump dissatisfied with Iran's proposal to open Hormuz](https://feedsoft.ai/events/19901-u-s-oil-hovers-near-100-on-report-trump-dissatisfied-with-iran-s-proposal-to.md) | -15.2% | -22.3% |
| BRENT | 2026-04-29 | [Oil prices extend multi-day rally as Trump issues new threat to Iran](https://feedsoft.ai/events/19885-oil-prices-extend-multi-day-rally-as-trump-issues-new-threat-to-iran.md) | -1.9% | -16.4% |
| BRENT | 2026-01-13 | [Oil rallies after Trump tells Iran protesters help is on the way](https://feedsoft.ai/events/11392-oil-rallies-after-trump-tells-iran-protesters-help-is-on-the-way.md) | +1.4% | +8.5% |
| BRENT | 2025-10-23 | [Oil price jumps and FTSE 100 hits new high after Trump puts sanctions on Russian firms \| Oil \| The Guardian](https://feedsoft.ai/events/8132-oil-price-jumps-and-ftse-100-hits-new-high-after-trump-puts-sanctions-on.md) | +4.1% | +1.9% |
| WTI | 2021-03-31 | [IEF Comparative Analysis of Monthly Reports on the Oil Market](https://feedsoft.ai/events/48042-ief-comparative-analysis-of-monthly-reports-on-the-oil-market.md) | -1.3% | +5.4% |
| WTI | 2026-05-01 | [U.S. oil hovers near $100 on report Trump dissatisfied with Iran's proposal to open Hormuz](https://feedsoft.ai/events/19901-u-s-oil-hovers-near-100-on-report-trump-dissatisfied-with-iran-s-proposal-to.md) | -9.6% | -16.3% |
| WTI | 2026-04-29 | [Oil prices extend multi-day rally as Trump issues new threat to Iran](https://feedsoft.ai/events/19885-oil-prices-extend-multi-day-rally-as-trump-issues-new-threat-to-iran.md) | +2.2% | -10.9% |

## Sources

- iol.co.za: https://iol.co.za/business-report/economy/2019-09-23-negativity-on-oil-trump-and-repo-rate/

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