# World Commodities - Pakistan & Gulf Economist Weekly Magazine

> Oil prices rose about 1.5% on Friday as strong US jobs data eased demand worries and Libyan military action raised supply-disruption concerns. Optimism over a US-China trade deal and reports of possible lower Venezuelan output also supported crude. Brent settled at $70.34 and WTI at $63.08.

- Date: 2019-04-07 · published 2019-04-07T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11378-world-commodities-pakistan-and-gulf-economist-weekly-magazine
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude and diesel costs raise farm input and freight expenses and can support biofuel-linked feedstock values. Crude strength can also lift vegetable oil and corn prices through energy linkages.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-02-24 | [Ukraine crisis: commodities prices surge as stock markets slump \| Commodities \| The Guardian](https://feedsoft.ai/events/6312-ukraine-crisis-commodities-prices-surge-as-stock-markets-slump-commodities-the.md) | +20.2% | +24.7% |
| WTI | 2026-03-01 | [The Middle East conflict demonstrates the fragility of global food supply \| World Economic Forum](https://feedsoft.ai/events/10398-the-middle-east-conflict-demonstrates-the-fragility-of-global-food-supply-world.md) | +35.6% | +50.4% |
| WTI | 2024-10-04 | [Palm surges on Middle East conflict, records highest weekly gain in 16 months - Markets - Business Recorder](https://feedsoft.ai/events/7764-palm-surges-on-middle-east-conflict-records-highest-weekly-gain-in-16-months.md) | +2.9% | -6.3% |
| WTI | 2026-03-05 | [Commodities market update: impact on Middle East crisis • De Molenaar](https://feedsoft.ai/events/20296-commodities-market-update-impact-on-middle-east-crisis-de-molenaar.md) | +16.5% | +35.8% |
| WTI | 2020-02-07 | [The Commodities Feed: More OPEC+ cuts coming \| snaps \| ING THINK](https://feedsoft.ai/events/54748-the-commodities-feed-more-opec-cuts-coming-snaps-ing-think.md) | +0.9% | -19.2% |
| BRENT | 2022-02-24 | [Ukraine crisis: commodities prices surge as stock markets slump \| Commodities \| The Guardian](https://feedsoft.ai/events/6312-ukraine-crisis-commodities-prices-surge-as-stock-markets-slump-commodities-the.md) | +18.2% | +27.0% |
| BRENT | 2022-02-28 | [Weekly Economic Analysis by Manokaran Mottain \| DagangNews - Berita Bisnes Anda](https://feedsoft.ai/events/42961-weekly-economic-analysis-by-manokaran-mottain-dagangnews-berita-bisnes-anda.md) | +23.1% | +23.8% |
| BRENT | 2024-10-04 | [Palm surges on Middle East conflict, records highest weekly gain in 16 months - Markets - Business Recorder](https://feedsoft.ai/events/7764-palm-surges-on-middle-east-conflict-records-highest-weekly-gain-in-16-months.md) | +2.4% | -5.7% |

## Sources

- pakistangulfeconomist.com: https://www.pakistangulfeconomist.com/2019/04/08/world-commodities-14-19/

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