# Crude oil prices today: WTI, Brent rise as global market tightens

> WTI for April rose 70 cents to $78.61 and Brent rose 64 cents to $83.67 on February 22. Prices gained on signs of a tightening global crude market, including a rising premium for prompt delivery. Winter storms in North America had knocked out about 1.4 million barrels per day of production in January.

- Date: 2024-02-22 · published 2024-02-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31864-crude-oil-prices-today-wti-brent-rise-as-global-market-tightens
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Supply disruptions and tighter spreads support higher crude costs, which feed through to diesel, freight and biofuel feedstock prices. The move supports vegetable oil values, though the effect on grain and meal is limited.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2024/02/22/crude-oil-prices-today.html

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