# Crude Oil Prices Surge Most Ever After Attack Cuts Saudi Supplies - Bloomberg

> Brent crude futures jumped a record $12 a barrel in early trading on Monday after a devastating attack on Saudi Arabia, before settling just above $69. It was the biggest one-day percentage gain since the contract began trading in 1988. Saudi officials downplayed prospects for a rapid recovery of production capacity.

- Date: 2019-09-15 · published 2019-09-15T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/6927-crude-oil-prices-surge-most-ever-after-attack-cuts-saudi-supplies-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A sustained loss of Saudi output tightens global crude supply, lifting energy costs for feed producers through diesel, fertilizer and processing expenses. Elevated crude can also support biofuel-linked demand for vegetable oils and corn.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2019-09-16 | 1 | +11.7% | 4.6 | Confirms the record Brent jump of $12 and the largest percentage gain since 1988 on the Saudi supply cut. |
| BRENT | 2019-09-15 | 1 | +7.1% | 4.6 | Describes the record Brent gain on the Saudi supply shock. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-09-15 | [Brent crude oil spikes the most in history after Saudi attacks](https://feedsoft.ai/events/57247-brent-crude-oil-spikes-the-most-in-history-after-saudi-attacks.md) | +6.6% | -0.3% |
| BRENT | 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) | +6.6% | -0.3% |
| BRENT | 2019-09-16 | [Oil Prices Log Historic Rally After Saudi Attack - WSJ](https://feedsoft.ai/events/5709-oil-prices-log-historic-rally-after-saudi-attack-wsj.md) | +6.6% | -0.3% |
| 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 | 2019-09-16 | [Oil prices jump as attack on Saudi plant jolts supply \| AP News](https://feedsoft.ai/events/5706-oil-prices-jump-as-attack-on-saudi-plant-jolts-supply-ap-news.md) | +6.6% | -0.3% |
| WTI | 2019-09-15 | [Brent crude oil spikes the most in history after Saudi attacks](https://feedsoft.ai/events/57247-brent-crude-oil-spikes-the-most-in-history-after-saudi-attacks.md) | +5.8% | -0.1% |
| 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 Prices Log Historic Rally After Saudi Attack - WSJ](https://feedsoft.ai/events/5709-oil-prices-log-historic-rally-after-saudi-attack-wsj.md) | +5.8% | -0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-09-15/oil-prices-jump-19-after-attack-cuts-saudi-arabian-supplies

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