# Oil Edges Up as Traders Weigh Economic Risks Against OPEC Cuts - Bloomberg

> Brent rose and then rebounded to finish up 1.9% as OPEC appeared to start its pledged production curbs early. Saudi Arabia raised official prices for the U.S. and Asia, and a report showed a jump in U.S. gasoline inventories that eased gains.

- Date: 2019-01-03 · published 2019-01-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10835-oil-edges-up-as-traders-weigh-economic-risks-against-opec-cuts-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Early OPEC cuts and higher Saudi official prices support crude, which lifts energy and fertilizer input costs for feed producers. A build in U.S. gasoline stocks limits upside.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-01-03/oil-retreats-as-risk-appetite-sours-on-fears-over-chinese-growth

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