# Oil jumps, settles at highest in over a month on demand optimism

> WTI settled at $80.33, up $1.88 or 2.4%, its highest since late April, and Brent rose to $84.25 on demand optimism. Both benchmarks gained on the session.

- Date: 2024-06-17 · published 2024-06-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29929-oil-jumps-settles-at-highest-in-over-a-month-on-demand-optimism
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A multi-week high in crude lifts biofuel economics and input costs, supporting vegetable oil and energy-linked feed prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-inch-down-weaker-us-consumer-demand-ahead-china-data-2024-06-17/

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