# Oil's Surge on Tanker Attacks Muted by Demand Fears

> US futures ended up 2.2% after paring gains of as much as 4.5% following attacks on two tankers near the Strait of Hormuz. The US blamed Iran, and the gains were limited by concerns about demand.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/58759-oil-s-surge-on-tanker-attacks-muted-by-demand-fears
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Supply-risk premiums from Gulf shipping attacks are being offset by demand worries, leaving crude price support modest.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-09-11 | [Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacks \| Reuters](https://feedsoft.ai/events/17629-oil-surges-6-brent-and-us-crude-both-surpass-100-on-more-tanker-attacks-reuters.md) | -0.4% | -7.0% |
| WTI | 2026-07-23 | [Oil prices surge to $100 per barrel after Red Sea attacks](https://feedsoft.ai/events/9927-oil-prices-surge-to-100-per-barrel-after-red-sea-attacks.md) | -7.9% | -6.4% |
| WTI | 2026-10-11 | [Oil Prices Jump 2% on Saudi Attacks as OPEC Sees Demand Rebound](https://feedsoft.ai/events/17243-oil-prices-jump-2-on-saudi-attacks-as-opec-sees-demand-rebound.md) | +7.5% | +4.9% |
| WTI | 2019-09-16 | [Oil Surges Most in Decades After Attack on Heart of Saudi Oil Industry](https://feedsoft.ai/events/57238-oil-surges-most-in-decades-after-attack-on-heart-of-saudi-oil-industry.md) | +5.8% | -0.1% |
| 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% |
| BRENT | 2026-09-11 | [Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacks \| Reuters](https://feedsoft.ai/events/17629-oil-surges-6-brent-and-us-crude-both-surpass-100-on-more-tanker-attacks-reuters.md) | -1.2% | +2.1% |
| BRENT | 2026-07-23 | [Oil prices surge to $100 per barrel after Red Sea attacks](https://feedsoft.ai/events/9927-oil-prices-surge-to-100-per-barrel-after-red-sea-attacks.md) | -9.5% | -7.3% |
| BRENT | 2026-10-11 | [Oil Prices Jump 2% on Saudi Attacks as OPEC Sees Demand Rebound](https://feedsoft.ai/events/17243-oil-prices-jump-2-on-saudi-attacks-as-opec-sees-demand-rebound.md) | +1.0% | -2.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-06-12/oil-holds-near-lows-on-u-s-stockpile-build-poor-demand-outlook

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