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Energy futures had their biggest one-day rally of the year on Wednesday on Middle East supply fears, but prices reversed overnight. RBOB and ULSD dropped more than a nickel after rallying near May highs, as US embassies prepared for possible attacks and Israel struck a Houthi port.
Short-lived gains reflect headline-driven risk premium, while ample global oil supply limits sustained upside; fuel prices remain volatile for feed buyers.
tacenergy.comJun 12, 2025After 327 past geopolitics events, ULSD / Diesel moved a median +1.0% over 5 sessions (54% higher; middle half -3.9% to +7.5%), and +0.4% over 20.
After 60 past neutral geopolitics events, Crude Oil (WTI) moved a median -0.9% over 5 sessions (43% higher; middle half -4.7% to +2.3%), and -1.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Dated June 12, it describes the biggest one-day energy futures rally of the year on Middle East supply fears with ULSD rallying near May highs, matching the 4.33% move in timing and mechanism.
A June 12 rally in energy futures on supply fears set up the move, though prices partly reversed that day.
Energy futures had their biggest one-day rally of the year on June 11-12 on Middle East supply fears, contributing to the weekly move despite a partial reversal.
Energy futures had their biggest one-day rally of the year on June 11-12 on Middle East supply fears, adding to the weekly gain before a partial overnight reversal.
