# Oil Jumps Most in Month as Saudi Action Outweighs Demand Worries - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Oil surged the most in nearly a month on Friday after Saudi Arabia planned to keep September exports below 7 million bpd, cutting allocations to customers by 700,000 bpd. WTI rose 3.7% in New York, paring the weekly loss to 2.1%, after a seven-month low during the week.

- Date: 2019-08-09 · published 2019-08-09T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57751-oil-jumps-most-in-month-as-saudi-action-outweighs-demand-worries-energy-news
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Saudi export restraint supports crude prices, which lifts energy and freight costs for feed producers, though demand concerns from the trade war remain.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-08-31 | [Now you see it, now you don't: oil surplus vanishes ahead of Iran deadline - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/63709-now-you-see-it-now-you-don-t-oil-surplus-vanishes-ahead-of-iran-deadline-energy.md) | -3.6% | +4.2% |
| WTI | 2017-09-01 | [Oil hits highest since July 2015; producers say market rebalancing - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow](https://feedsoft.ai/events/69126-oil-hits-highest-since-july-2015-producers-say-market-rebalancing-canadian.md) | +0.4% | +9.4% |
| WTI | 2019-08-19 | [Oil rises as markets factor in latest attack on Saudi energy facility \| The National](https://feedsoft.ai/events/57774-oil-rises-as-markets-factor-in-latest-attack-on-saudi-energy-facility-the.md) | -1.3% | -0.1% |
| WTI | 2020-05-11 | [Saudi Arabia deepens oil cuts as weak demand weighs on prices](https://feedsoft.ai/events/53030-saudi-arabia-deepens-oil-cuts-as-weak-demand-weighs-on-prices.md) | +19.0% | +54.4% |
| WTI | 2025-10-23 | [Soybean, corn futures touch 1-month highs as crude oil soars — TradingView News](https://feedsoft.ai/events/22424-soybean-corn-futures-touch-1-month-highs-as-crude-oil-soars-tradingview-news.md) | +3.3% | +1.6% |
| BRENT | 2018-08-31 | [Now you see it, now you don't: oil surplus vanishes ahead of Iran deadline - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/63709-now-you-see-it-now-you-don-t-oil-surplus-vanishes-ahead-of-iran-deadline-energy.md) | -1.7% | +5.5% |
| BRENT | 2019-02-11 | [Sanctions, OPEC cuts push Asia's sour crude oil prices above Brent - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/60780-sanctions-opec-cuts-push-asia-s-sour-crude-oil-prices-above-brent-energy-news.md) | +6.8% | +6.4% |
| BRENT | 2017-09-01 | [Oil hits highest since July 2015; producers say market rebalancing - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow](https://feedsoft.ai/events/69126-oil-hits-highest-since-july-2015-producers-say-market-rebalancing-canadian.md) | +3.4% | +10.6% |

## Sources

- energynow.com: https://energynow.com/2019/08/oil-jumps-most-in-month-as-saudi-action-outweighs-demand-worries/

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