# Oil prices rebound, settle higher on worries about tight supply

> Oil prices settled higher on worries about tight supply, even as the Fed and European Central Bank reiterated commitments to fighting inflation. Officials signalled tight monetary policy may last longer than expected.

- Date: 2023-10-01 · published 2023-10-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34009-oil-prices-rebound-settle-higher-on-worries-about-tight-supply
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Tight supply supports energy prices, which lifts biofuel and transport costs for feed, while higher-for-longer rates cap demand growth. Net energy direction is supportive for crude.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-prices-dip-high-interest-rate-outlook-outweighs-tight-supply-2023-09-26/

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