# Crude Oil: WTI, Brent Bounce as OPEC+ Uncertainty Persists | Investing.com

> Crude oil rebounded as OPEC+ struggled to agree on extending production cuts, with talks delayed to Nov 30 over African output levels. Analysts expected an agreement could push WTI above $80 and Brent above $83, while a collapse in talks could send prices to multi-month lows.

- Date: 2023-11-29 · published 2023-11-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33337-crude-oil-wti-brent-bounce-as-opec-uncertainty-persists-investing-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Uncertainty over OPEC+ output keeps crude volatile, which affects diesel and energy costs for feed mills and the biofuel demand outlook for vegetable oils.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- investing.com: https://www.investing.com/analysis/crude-oil-wti-brent-bounce-as-opec-uncertainty-persists-200643970

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