# Oil prices could fall without further OPEC+ cut, analysts say | Reuters

> Brent crude was trading near $88 a barrel after recovering from near one-year lows around $80 earlier in the week. Analysts said prices could fall further without another OPEC+ production cut.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38392-oil-prices-could-fall-without-further-opec-cut-analysts-say-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude prices reduce diesel and biofuel feedstock costs and weaken the economics of biofuel-linked crushing, which can pressure soyoil and vegetable oil values.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-could-fall-without-further-opec-cut-analysts-say-2022-12-01/

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