# Oil prices jump after U.S. crude, fuel stocks drop, dollar weakens

> Oil prices rose for a second day on Wednesday as U.S. crude and fuel stocks fell and the dollar weakened. Brent settled up $3.05 at $89.32 and WTI rose $3.65 to $82.15.

- Date: 2022-09-28 · published 2022-09-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39749-oil-prices-jump-after-u-s-crude-fuel-stocks-drop-dollar-weakens
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and falling U.S. inventories lift crude and energy costs, which can support soybean oil and biofuel economics. The move is mostly energy-driven.

## Read by commodity

- DXY: bearish ▼
- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-mixed-hurricane-ian-output-cuts-support-dollar-weighs-2022-09-28/

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