# Why The Oil Rally Is Slowing Down | OilPrice.com

> WTI and Brent futures were set for solid weekly gains as traders focused on U.S. sanctions against Iran. Estimates of lost Iranian supply ranged from 500,000 to 2 million barrels per day. Saudi Arabia and Russia had announced output increases of about 1.4 million barrels per day, though a further 500,000 barrel increase was rejected.

- Date: 2018-09-28 · published 2018-09-28T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/63203-why-the-oil-rally-is-slowing-down-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected supply shortfalls from Iran sanctions support crude prices, which feed into energy and transport costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-03-12 | [What on earth is going on with the oil price?](https://feedsoft.ai/events/20345-what-on-earth-is-going-on-with-the-oil-price.md) | +10.6% | +13.9% |
| WTI | 2026-04-16 | [The Iran war has shattered oil's price compass \| Reuters](https://feedsoft.ai/events/8814-the-iran-war-has-shattered-oil-s-price-compass-reuters.md) | +1.8% | +11.8% |
| WTI | 2026-07-30 | [Goldman Sachs: Diesel Crunch Is Now the Biggest Threat in Oil Markets \| OilPrice.com](https://feedsoft.ai/events/18536-goldman-sachs-diesel-crunch-is-now-the-biggest-threat-in-oil-markets-oilprice.md) | -10.8% | -2.9% |
| WTI | 2018-07-30 | [Why is Saudi halting oil shipments through the Red Sea? \| Reuters](https://feedsoft.ai/events/63930-why-is-saudi-halting-oil-shipments-through-the-red-sea-reuters.md) | -0.3% | +1.0% |
| WTI | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +9.6% | +4.0% |
| BRENT | 2026-03-12 | [What on earth is going on with the oil price?](https://feedsoft.ai/events/20345-what-on-earth-is-going-on-with-the-oil-price.md) | +23.1% | +16.8% |
| BRENT | 2026-04-16 | [The Iran war has shattered oil's price compass \| Reuters](https://feedsoft.ai/events/8814-the-iran-war-has-shattered-oil-s-price-compass-reuters.md) | +2.9% | +3.3% |
| BRENT | 2026-07-30 | [Goldman Sachs: Diesel Crunch Is Now the Biggest Threat in Oil Markets \| OilPrice.com](https://feedsoft.ai/events/18536-goldman-sachs-diesel-crunch-is-now-the-biggest-threat-in-oil-markets-oilprice.md) | -9.2% | -3.9% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Energy-General/Why-The-Oil-Rally-Is-Slowing-Down.html

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