# Futures Movers: Oil Gains, With U.S. Prices Up More Than 20% For The Month - Global Financial Market Review

> US crude futures rose for a third session, with March WTI up about 1.9 percent to $55.25 a barrel and set for a monthly gain above 20 percent. Drivers included the dovish Fed, OPEC+ production cuts, new US sanctions on PdVSA and lower Saudi exports to the US.

- Date: 2019-01-31 · published 2019-01-31T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61009-futures-movers-oil-gains-with-u-s-prices-up-more-than-20-for-the-month-global
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher crude raises diesel and fuel costs for feed transport and can support biofuel-linked vegetable oil demand, while the monthly rally signals tightening supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-06-29 | [Futures File: Oil market on fire; grain prices rally – Greeley Tribune](https://feedsoft.ai/events/11640-futures-file-oil-market-on-fire-grain-prices-rally-greeley-tribune.md) | +0.5% | -6.5% |
| WTI | 2026-03-06 | [U.S. Grain/Oilseed Review: Fears of oil shortage drives up prices \| The Western Producer](https://feedsoft.ai/events/13805-u-s-grain-oilseed-review-fears-of-oil-shortage-drives-up-prices-the-western.md) | +18.2% | +39.2% |
| WTI | 2025-10-23 | [Oil Prices Surge 5% as Russia Sanctions Meet A Tight Futures Market](https://feedsoft.ai/events/8130-oil-prices-surge-5-as-russia-sanctions-meet-a-tight-futures-market.md) | +3.3% | +1.6% |
| WTI | 2026-07-31 | [Oil prices settle more than 1% higher, log strongest month since March \| Reuters](https://feedsoft.ai/events/18519-oil-prices-settle-more-than-1-higher-log-strongest-month-since-march-reuters.md) | -7.4% | -0.3% |
| WTI | 2024-11-22 | [Oil gains more than 5% for the week as Ukraine war intensifies](https://feedsoft.ai/events/27588-oil-gains-more-than-5-for-the-week-as-ukraine-war-intensifies.md) | -3.0% | -0.9% |
| BRENT | 2018-06-29 | [Futures File: Oil market on fire; grain prices rally – Greeley Tribune](https://feedsoft.ai/events/11640-futures-file-oil-market-on-fire-grain-prices-rally-greeley-tribune.md) | +0.2% | -3.3% |
| BRENT | 2025-01-13 | [Benchmark diesel price up for third week as oil futures markets soar again - FreightWaves](https://feedsoft.ai/events/11453-benchmark-diesel-price-up-for-third-week-as-oil-futures-markets-soar-again.md) | +2.7% | -6.4% |
| BRENT | 2026-03-06 | [U.S. Grain/Oilseed Review: Fears of oil shortage drives up prices \| The Western Producer](https://feedsoft.ai/events/13805-u-s-grain-oilseed-review-fears-of-oil-shortage-drives-up-prices-the-western.md) | +16.6% | +35.6% |

## Sources

- gfmreview.com: https://www.gfmreview.com/index.php/markets/futures-movers-oil-gains-with-u-s-prices-up-more-than-20-for-the-month

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