# Oil slides on Friday, but climbs for 5th week on supply concerns

> Oil settled lower on Friday, January 21, 2022, with Brent at $87.89 and WTI at $85.14, but both benchmarks rose for a fifth consecutive week on supply concerns. Gains for the week were around 2%.

- Date: 2022-01-21 · published 2022-01-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43295-oil-slides-on-friday-but-climbs-for-5th-week-on-supply-concerns
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Persistently firm crude keeps diesel and energy-linked input costs elevated for feed producers. The move is routine price commentary with limited new cause.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-falls-us-inventory-build-prompts-profit-taking-2022-01-21/

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