# Oil down 3% on week, racing from one war headline to another

> Oil fell about 3% for the week ended Oct 27 as traders reacted to shifting Middle East headlines. Hamas tied hostage releases to a ceasefire, and Israel prepared a possible ground invasion while the US urged delay. WTI settled at $85.54 and Brent at $90.48 on Friday.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33794-oil-down-3-on-week-racing-from-one-war-headline-to-another
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Headline-driven volatility keeps crude prices unsettled, which affects energy and freight costs for feed buyers. No new supply change was reported.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/oil-prices-rise-set-steep-210823654.html

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