# Oil prices rise amid worsening geopolitical outlook and tighter supply | The National

> Oil prices rose on March 25 after three days of declines, with Brent up 0.61% to $85.95 and WTI up 0.69% to $81.19. Analysts pointed to Russian and Ukrainian strikes on energy facilities, stalled Gaza ceasefire talks and a falling US rig count.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31377-oil-prices-rise-amid-worsening-geopolitical-outlook-and-tighter-supply-the
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Geopolitical risk to refining and crude supply lifts energy costs, which raises diesel and freight expenses for feed producers and supports vegetable oil and biofuel values.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-03-28 | [Oil rises more than $1 a barrel on tighter supply outlook](https://feedsoft.ai/events/31366-oil-rises-more-than-1-a-barrel-on-tighter-supply-outlook.md) | +5.8% | +3.6% |
| BRENT | 2018-08-28 | [Oil prices rise on expectations of tightening market on supply risks, ETEnergyworld](https://feedsoft.ai/events/63701-oil-prices-rise-on-expectations-of-tightening-market-on-supply-risks.md) | +3.1% | +7.6% |
| BRENT | 2019-03-29 | [Oil prices rise amid OPEC's ongoing supply cuts, U.S. sanctions](https://feedsoft.ai/events/60279-oil-prices-rise-amid-opec-s-ongoing-supply-cuts-u-s-sanctions.md) | +4.0% | +6.9% |
| BRENT | 2019-06-14 | [Oil prices rise for second day after Gulf of Oman tanker attacks \| The National](https://feedsoft.ai/events/58758-oil-prices-rise-for-second-day-after-gulf-of-oman-tanker-attacks-the-national.md) | +4.3% | +7.7% |
| BRENT | 2022-05-05 | [Opec+ sticks to June output plan as oil prices continue to rise   \| The National](https://feedsoft.ai/events/41320-opec-sticks-to-june-output-plan-as-oil-prices-continue-to-rise-the-national.md) | -2.5% | +8.0% |
| WTI | 2024-03-28 | [Oil rises more than $1 a barrel on tighter supply outlook](https://feedsoft.ai/events/31366-oil-rises-more-than-1-a-barrel-on-tighter-supply-outlook.md) | +6.4% | +3.2% |
| WTI | 2018-08-28 | [Oil prices rise on expectations of tightening market on supply risks, ETEnergyworld](https://feedsoft.ai/events/63701-oil-prices-rise-on-expectations-of-tightening-market-on-supply-risks.md) | +0.3% | +4.9% |
| WTI | 2019-03-29 | [Oil prices rise amid OPEC's ongoing supply cuts, U.S. sanctions](https://feedsoft.ai/events/60279-oil-prices-rise-amid-opec-s-ongoing-supply-cuts-u-s-sanctions.md) | +4.8% | +6.7% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/2024/03/25/oil-prices-supply/

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