# Oil prices rise for second consecutive week on expected tighter supply

> Brent rose 16 cents to $72.16 a barrel and WTI gained 21 cents to $68.28, marking a second weekly gain. Prices were supported by an OPEC+ plan for seven members to cut output further, with monthly cuts of 189,000 to 435,000 bpd through June 2026.

- Date: 2025-04-01 · published 2025-04-01T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/25750-oil-prices-rise-for-second-consecutive-week-on-expected-tighter-supply
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected tighter crude supply from OPEC+ cuts supports energy prices, which can lift input and transport costs for feed and biofuel markets.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-12-03 | [Oil Prices Rise on Expectations for a Production Cut](https://feedsoft.ai/events/10625-oil-prices-rise-on-expectations-for-a-production-cut.md) | +3.7% | -11.0% |
| WTI | 2022-09-09 | [Oil rises 4% on supply threats, still set for weekly drop \| Reuters](https://feedsoft.ai/events/39767-oil-rises-4-on-supply-threats-still-set-for-weekly-drop-reuters.md) | +2.0% | +5.8% |
| WTI | 2018-03-29 | [Oil prices gain on expectation of continued Opec supply curbs in 2018 \| The National](https://feedsoft.ai/events/66167-oil-prices-gain-on-expectation-of-continued-opec-supply-curbs-in-2018-the.md) | -1.2% | +6.0% |
| WTI | 2017-03-01 | [Oil prices rise as OPEC production cut trims supply  \| Globalnews.ca](https://feedsoft.ai/events/72179-oil-prices-rise-as-opec-production-cut-trims-supply-globalnews-ca.md) | -2.2% | -10.4% |
| WTI | 2022-08-26 | [Oil prices rise on signals OPEC might cut output](https://feedsoft.ai/events/40228-oil-prices-rise-on-signals-opec-might-cut-output.md) | -6.6% | -15.2% |
| BRENT | 2018-12-03 | [Oil Prices Rise on Expectations for a Production Cut](https://feedsoft.ai/events/10625-oil-prices-rise-on-expectations-for-a-production-cut.md) | +6.0% | -10.4% |
| BRENT | 2022-09-09 | [Oil rises 4% on supply threats, still set for weekly drop \| Reuters](https://feedsoft.ai/events/39767-oil-rises-4-on-supply-threats-still-set-for-weekly-drop-reuters.md) | +1.7% | +7.3% |
| BRENT | 2018-03-29 | [Oil prices gain on expectation of continued Opec supply curbs in 2018 \| The National](https://feedsoft.ai/events/66167-oil-prices-gain-on-expectation-of-continued-opec-supply-curbs-in-2018-the.md) | -2.0% | +9.1% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-set-weekly-gain-iran-sanctions-opec-plan-rein-overproduction-2025-03-21/

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