# Oil up more than 1% on Mideast tensions and supply cuts

> Oil rose more than 1% on May 27 on Middle East tensions after the US announced it would deploy more troops to the region. OPEC-led cuts and lost Russian output from a pipeline contamination also supported prices. Brent was up about 2% at $70.11.

- Date: 2019-05-27 · published 2019-05-27T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/59236-oil-up-more-than-1-on-mideast-tensions-and-supply-cuts
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Geopolitical risk to Gulf supply and tighter OPEC output lift crude prices, which feed into diesel and fertilizer costs. Analysts said the effect may be limited because the tension was largely priced in.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-10-02 | [Oil Rises as Mideast Tensions Sustain Supply-Disruption Fears](https://feedsoft.ai/events/9320-oil-rises-as-mideast-tensions-sustain-supply-disruption-fears.md) | -1.5% | +5.6% |
| WTI | 2018-04-11 | [Colombian peso gains on oil, Mideast tensions](https://feedsoft.ai/events/65789-colombian-peso-gains-on-oil-mideast-tensions.md) | +1.6% | +5.2% |
| WTI | 2026-10-28 | [Arab News \| Oil rises more than 1% as supply concerns persist](https://feedsoft.ai/events/17239-arab-news-oil-rises-more-than-1-as-supply-concerns-persist.md) | -2.1% | — |
| WTI | 2024-03-28 | [Oil rises more than $1 a barrel on tighter supply outlook](https://feedsoft.ai/events/31366-oil-rises-more-than-1-a-barrel-on-tighter-supply-outlook.md) | +6.4% | +3.2% |
| WTI | 2020-01-07 | [US, Iran tensions: Oil traders fear supply disruptions in Middle East](https://feedsoft.ai/events/55332-us-iran-tensions-oil-traders-fear-supply-disruptions-in-middle-east.md) | -8.1% | -21.6% |
| BRENT | 2026-10-02 | [Oil Rises as Mideast Tensions Sustain Supply-Disruption Fears](https://feedsoft.ai/events/9320-oil-rises-as-mideast-tensions-sustain-supply-disruption-fears.md) | +7.5% | +9.7% |
| BRENT | 2018-04-11 | [Colombian peso gains on oil, Mideast tensions](https://feedsoft.ai/events/65789-colombian-peso-gains-on-oil-mideast-tensions.md) | +1.1% | +5.2% |
| BRENT | 2026-10-28 | [Arab News \| Oil rises more than 1% as supply concerns persist](https://feedsoft.ai/events/17239-arab-news-oil-rises-more-than-1-as-supply-concerns-persist.md) | -4.7% | — |

## Sources

- cnbc.com: https://www.cnbc.com/2019/05/27/oil-markets-opec-supply-cuts-us-china-trade-war-in-focus.html

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