# Oil prices slip after OPEC+ extends voluntary oil output cuts

> Brent fell 75 cents to $82.80 a barrel and WTI lost $1.23 to $78.74 after OPEC+ extended voluntary output cuts through the second quarter. Analysts said the extension had been widely expected and was partly priced in.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31113-oil-prices-slip-after-opec-extends-voluntary-oil-output-cuts
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Market reaction suggests limited energy cost change, so feed input costs from fuel and biofuel links are little altered.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2024/03/04/oil-prices-opec-extends-voluntary-oil-output-cuts.html

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