# Oil falls but notches weekly gain as OPEC+ considers output cut

> Brent crude futures for November, expiring Friday, fell 53 cents to $87.96 a barrel, while the more active December contract dropped $2.07 to $85.11. U.S. WTI crude futures fell $1.74 to $79.49.

- Date: 2022-09-30 · published 2022-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39748-oil-falls-but-notches-weekly-gain-as-opec-considers-output-cut
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Crude moves feed into diesel and energy costs for feed milling and transport, and OPEC+ output-cut talk could support energy prices later. Feed prices are only indirectly affected.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-steadies-prospect-opec-output-cut-weaker-dollar-2022-09-30/

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