# Trading Day: Fed dissent, oil ascent | Reuters

> Oil surged about 7% in the April 29 session, with Brent closing at its highest level in four years, just under $120 a barrel. Energy was the biggest-moving S&P 500 sector, while European stocks fell and the dollar rose against the yen.

- Date: 2026-04-29 · published 2026-04-29T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/19644-trading-day-fed-dissent-oil-ascent-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher crude lifts diesel and freight costs and feeds into biofuel and fertilizer economics, which tends to support feed-ingredient prices. The move also reinforces inflation and rate-hike worries that can strengthen the dollar.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-06-13 | [Oil settles up 7% as Israel, Iran trade air strikes \| Reuters](https://feedsoft.ai/events/10991-oil-settles-up-7-as-israel-iran-trade-air-strikes-reuters.md) | +12.0% | -0.8% |
| BRENT | 2025-06-22 | [Iran oil doomsday in Hormuz may be more fear than reality \| Reuters](https://feedsoft.ai/events/24395-iran-oil-doomsday-in-hormuz-may-be-more-fear-than-reality-reuters.md) | -11.9% | -9.9% |
| BRENT | 2023-10-13 | [Oil, Treasuries, gold prices jump amid Mideast fears \| Reuters](https://feedsoft.ai/events/9281-oil-treasuries-gold-prices-jump-amid-mideast-fears-reuters.md) | +6.4% | -7.2% |
| BRENT | 2023-12-19 | [Oil rises 1% as Red Sea shipping concerns unnerve traders](https://feedsoft.ai/events/32884-oil-rises-1-as-red-sea-shipping-concerns-unnerve-traders.md) | +2.8% | -0.1% |
| BRENT | 2018-07-30 | [Why is Saudi halting oil shipments through the Red Sea? \| Reuters](https://feedsoft.ai/events/63930-why-is-saudi-halting-oil-shipments-through-the-red-sea-reuters.md) | -2.3% | +0.7% |
| WTI | 2025-06-13 | [Oil settles up 7% as Israel, Iran trade air strikes \| Reuters](https://feedsoft.ai/events/10991-oil-settles-up-7-as-israel-iran-trade-air-strikes-reuters.md) | +10.2% | +1.1% |
| WTI | 2023-10-13 | [Oil, Treasuries, gold prices jump amid Mideast fears \| Reuters](https://feedsoft.ai/events/9281-oil-treasuries-gold-prices-jump-amid-mideast-fears-reuters.md) | +7.8% | -8.1% |
| WTI | 2023-12-19 | [Oil rises 1% as Red Sea shipping concerns unnerve traders](https://feedsoft.ai/events/32884-oil-rises-1-as-red-sea-shipping-concerns-unnerve-traders.md) | +4.8% | +2.7% |

## Sources

- reuters.com: https://www.reuters.com/commentary/reuters-open-interest/global-markets-trading-day-graphic-2026-04-29/

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