# Oil markets jump more than 1% on Qatar-GCC row

> Oil rose more than 1% on June 5 after Saudi Arabia, the UAE, Egypt and Bahrain cut ties with Qatar, raising Middle East tensions. Brent traded near $50.50 as signs of falling OPEC supply also tightened the market.

- Date: 2017-06-05 · published 2017-06-05T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude low
- Page: https://feedsoft.ai/events/70674-oil-markets-jump-more-than-1-on-qatar-gcc-row
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Gulf political tensions add a modest geopolitical risk premium, though analysts said little was priced in, so the effect on feed input costs is limited.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-06-13 | [European oil product markets jump on Israel-Iran war risk](https://feedsoft.ai/events/7760-european-oil-product-markets-jump-on-israel-iran-war-risk.md) | +12.0% | -0.8% |
| BRENT | 2022-03-21 | [Crude jumps more than 7% as EU mulls Russian oil ban](https://feedsoft.ai/events/9149-crude-jumps-more-than-7-as-eu-mulls-russian-oil-ban.md) | +9.5% | +0.8% |
| BRENT | 2019-05-27 | [Oil up more than 1% on Mideast tensions and supply cuts](https://feedsoft.ai/events/59236-oil-up-more-than-1-on-mideast-tensions-and-supply-cuts.md) | -9.0% | -4.9% |
| BRENT | 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) | +5.8% | +3.6% |
| BRENT | 2025-12-01 | [Oil climbs more than 1% on OPEC action, Ukraine attack](https://feedsoft.ai/events/21430-oil-climbs-more-than-1-on-opec-action-ukraine-attack.md) | +0.7% | -1.8% |
| WTI | 2022-03-21 | [Crude jumps more than 7% as EU mulls Russian oil ban](https://feedsoft.ai/events/9149-crude-jumps-more-than-7-as-eu-mulls-russian-oil-ban.md) | +10.3% | +3.4% |
| WTI | 2019-05-27 | [Oil up more than 1% on Mideast tensions and supply cuts](https://feedsoft.ai/events/59236-oil-up-more-than-1-on-mideast-tensions-and-supply-cuts.md) | -8.5% | -1.9% |
| 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% |

## Sources

- nst.com.my: https://www.nst.com.my/world/world/2017/06/246037/oil-markets-jump-more-1-qatar-gcc-row

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