# Oil edges higher on concerns over Russia, Libya supply disruption

> Brent crude settled up $1.53 to $108.33 a barrel and WTI rose 1.6% to $103.79 after touching intraday highs above $105 and $109. Prices were supported by concerns over Russian supply and supply disruptions in Libya.

- Date: 2022-04-21 · published 2022-04-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/42012-oil-edges-higher-on-concerns-over-russia-libya-supply-disruption
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tight crude supply lifts diesel and energy input costs for feed producers and supports grain and oilseed prices via biofuel and freight channels.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-climbs-takes-breather-tight-range-2022-04-21/

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