# Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations - Oil & Gas 360

> Oil rose about 2% on Aug. 19 after a weekend drone attack by Yemen's Houthi forces on a Saudi oil facility, which caused a gas plant fire without affecting production. Brent settled at $59.74 and WTI at $56.21. Traders also reacted to a US extension of Huawei's component purchase permit and signs of a US-China trade thaw.

- Date: 2019-08-19 · published 2019-08-19T12:00:00.000Z
- Category: geopolitics · region Saudi Arabia · magnitude medium
- Page: https://feedsoft.ai/events/57775-oil-rises-2-after-attack-on-saudi-field-stimulus-expectations-oil-and-gas-360
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Geopolitical risk in Saudi Arabia lifts crude prices, which raises diesel and freight costs for feed. The gain is likely to be short-lived without an actual supply loss, and the trade signals offset part of the support.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | [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 | 2026-07-29 | [Oil rises as US-Iran tension escalates after Iraq strikes, missile attack](https://feedsoft.ai/events/18524-oil-rises-as-us-iran-tension-escalates-after-iraq-strikes-missile-attack.md) | -2.3% | +4.3% |
| BRENT | 2024-04-16 | [Oil prices hold firm as U.S. weighs added sanctions on Iran oil exports after attack on Israel](https://feedsoft.ai/events/30933-oil-prices-hold-firm-as-u-s-weighs-added-sanctions-on-iran-oil-exports-after.md) | -3.7% | -8.0% |
| WTI | 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) | -0.7% | -11.2% |
| 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% |
| 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

- oilandgas360.com: https://www.oilandgas360.com/oil-rises-2-after-attack-on-saudi-field-stimulus-expectations/

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