# Oil on Monday closed nearer to day's highs than its lows; ULSD remains the laggard - FreightWaves

> Oil markets completed their first full day of trading after drone attacks on Saudi processing facilities. Brent settled up $8.80 (14.61%) to $69.02 a barrel, WTI rose 12.8% to $62.90, and CME ULSD gained 20.6 cents to $2.0838 a gallon, the weakest of the group. Prices closed near the day's highs, and Saudi Arabia had not yet announced when lost production would be restored.

- Date: 2019-09-16 · published 2019-09-16T12:00:00.000Z
- Category: geopolitics · region Saudi Arabia · magnitude high
- Page: https://feedsoft.ai/events/5986-oil-on-monday-closed-nearer-to-day-s-highs-than-its-lows-ulsd-remains-the
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lost Saudi output of roughly half its production removes a large share of global crude supply, lifting crude and diesel costs for farm and transport users. Higher diesel raises harvest and feed-delivery costs and the fuel surcharges that flow into feed prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2019-09-16 | 1 | +11.7% | 4.6 | Gives the Brent settlement (+14.6% to $69.02) and notes no restoration timeline, which sustained the supply fear. |
| BRENT | 2019-09-15 | 1 | +7.1% | 4.6 | Documents Brent's settlement gain after the Saudi supply loss. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-04-23 | [Oil hits nearly 6-month highs as US aims to slash Iran's crude exports](https://feedsoft.ai/events/9608-oil-hits-nearly-6-month-highs-as-us-aims-to-slash-iran-s-crude-exports.md) | -1.0% | +0.3% |
| BRENT | 2025-06-13 | [Diesel and crude spike higher on Israel attack, though no Iranian oil facilities impacted - FreightWaves](https://feedsoft.ai/events/7757-diesel-and-crude-spike-higher-on-israel-attack-though-no-iranian-oil-facilities.md) | +12.0% | -0.8% |
| BRENT | 2019-11-30 | [FreightWaves oil report: here are the oil and diesel numbers that OPEC faces this week - FreightWaves](https://feedsoft.ai/events/56252-freightwaves-oil-report-here-are-the-oil-and-diesel-numbers-that-opec-faces.md) | +3.1% | +7.7% |
| BRENT | 2019-09-16 | [Oil out of the gate: higher by 11-14% for key benchmarks, but diesel prices lag - FreightWaves](https://feedsoft.ai/events/5989-oil-out-of-the-gate-higher-by-11-14-for-key-benchmarks-but-diesel-prices-lag.md) | +6.6% | -0.3% |
| BRENT | 2024-03-19 | [Oil rises to multi-month highs on Russian supply concerns](https://feedsoft.ai/events/31370-oil-rises-to-multi-month-highs-on-russian-supply-concerns.md) | -0.2% | +4.6% |
| WTI | 2019-04-23 | [Oil hits nearly 6-month highs as US aims to slash Iran's crude exports](https://feedsoft.ai/events/9608-oil-hits-nearly-6-month-highs-as-us-aims-to-slash-iran-s-crude-exports.md) | -3.4% | -3.9% |
| WTI | 2025-06-13 | [Diesel and crude spike higher on Israel attack, though no Iranian oil facilities impacted - FreightWaves](https://feedsoft.ai/events/7757-diesel-and-crude-spike-higher-on-israel-attack-though-no-iranian-oil-facilities.md) | +10.2% | +1.1% |
| WTI | 2019-11-30 | [FreightWaves oil report: here are the oil and diesel numbers that OPEC faces this week - FreightWaves](https://feedsoft.ai/events/56252-freightwaves-oil-report-here-are-the-oil-and-diesel-numbers-that-opec-faces.md) | +3.6% | +8.1% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/oil-on-monday-closed-nearer-to-days-highs-than-its-lows-ulsd-remains-the-laggard

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