# Oil rises as markets factor in latest attack on Saudi energy facility | The National

> Brent rose about 1.4% in early trade on Aug. 19 after a Houthi drone attack on the Shayba oilfield in Saudi Arabia caused a fire at a gas liquids facility without disrupting crude production. Brent was trading near $59.44. Analysts said weak demand from the US-China trade row would limit any sustained rally.

- Date: 2019-08-19 · published 2019-08-19T12:00:00.000Z
- Category: geopolitics · region Saudi Arabia · magnitude medium
- Page: https://feedsoft.ai/events/57774-oil-rises-as-markets-factor-in-latest-attack-on-saudi-energy-facility-the
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A geopolitical risk premium lifts crude and energy costs, which feed into diesel, freight and fertilizer. Because production was unaffected, the lift is likely to fade unless supply is disrupted.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | [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 | 2022-03-25 | [Oil rises to over $120/bbl after attack on Saudi facilities \| Reuters](https://feedsoft.ai/events/9151-oil-rises-to-over-120-bbl-after-attack-on-saudi-facilities-reuters.md) | -11.4% | -12.8% |
| 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 | 2021-03-07 | [Oil price rises above $70 after attacks on Saudi oil facilities](https://feedsoft.ai/events/48297-oil-price-rises-above-70-after-attacks-on-saudi-oil-facilities.md) | -0.9% | -9.6% |
| 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 | 2019-09-16 | [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 | 2022-03-25 | [Oil rises to over $120/bbl after attack on Saudi facilities \| Reuters](https://feedsoft.ai/events/9151-oil-rises-to-over-120-bbl-after-attack-on-saudi-facilities-reuters.md) | -11.6% | -9.7% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/oil-rises-as-markets-factor-in-latest-attack-on-saudi-energy-facility-1.900128

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