# Stocks, crude oil advances despite higher interest rate expectations

> Oil prices firmed more than 1% before paring gains on Thursday, with Brent settling up 2% at $82.21 and WTI up 2% at $75.39 after six sessions of losses. Russian supply curbs partly offset an expected rise in U.S. inventories. Equities also advanced despite higher interest rate expectations.

- Date: 2023-02-23 · published 2023-02-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/37509-stocks-crude-oil-advances-despite-higher-interest-rate-expectations
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A short-term rebound driven by Russian supply curbs has limited effect on feed costs, though it shows crude remains sensitive to supply news.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1-2023-02-23/

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