# Oil settles up $2 on optimism about US debt ceiling, demand | Reuters

> Oil settled up $2 on optimism over U.S. debt ceiling negotiations and oil demand, outweighing concerns about abundant supply. U.S. crude stockpiles rose 5 million barrels according to the EIA.

- Date: 2023-05-17 · published 2023-05-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36116-oil-settles-up-2-on-optimism-about-us-debt-ceiling-demand-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Improved demand and debt-deal hopes support crude prices, which lift diesel and energy costs for feed logistics.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-dips-demand-worries-after-unexpected-us-crude-build-2023-05-17/

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