# Oil prices settle up about 2% on worries about Middle East | Reuters

> Oil prices rose about 2% on Oct 25 as conflict worries in the Middle East lifted crude. Gains were capped by higher US crude inventories and weak economic prospects in Europe. Brent settled at $90.13 a barrel and WTI at $85.39.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33791-oil-prices-settle-up-about-2-on-worries-about-middle-east-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Middle East risk premium supports crude, which feeds diesel and freight costs for feed logistics. Bearish inventory and demand signals limit the upside.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-nearly-flat-macroeconomic-concerns-contend-with-tighter-us-supply-2023-10-25/

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