# Latest Oil Market News and Analysis for November 1 - Bloomberg

> Oil edged higher on a report that Iran may be preparing an attack, with WTI surging as much as 3.2% before settling just below $70 on Friday. Brent settled near $73.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28025-latest-oil-market-news-and-analysis-for-november-1-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Routine price moves driven by Middle East risk sentiment; the effect on feed-ingredient prices is indirect through energy costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-10-31/latest-oil-market-news-and-analysis-for-november-1

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