# Oil prices hit 3-month highs on tightening supplies | Reuters

> Crude benchmarks rose to three-month highs and recorded four consecutive weekly gains. WTI climbed to $79.63 in the session described.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35197-oil-prices-hit-3-month-highs-on-tightening-supplies-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising crude supports energy and transport costs across the feed chain, with a modest pull on vegetable oil prices through biofuel economics.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-edge-higher-tighter-supply-china-hopes-2023-07-25/

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