# Oil Prices Stay High as Output From OPEC and Others Falls Behind - The New York Times

> Oil prices remained elevated as OPEC and allied output lagged, pushing crude to seven-year highs. Brent was close to $84 a barrel, with inflation becoming a political issue in the United States and elsewhere.

- Date: 2022-01-14 · published 2022-01-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43297-oil-prices-stay-high-as-output-from-opec-and-others-falls-behind-the-new-york
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Sustained high crude keeps diesel and fertilizer costs up for feed producers. The article describes an existing trend rather than a new shock.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- nytimes.com: https://www.nytimes.com/2022/01/14/business/energy-environment/oil-prices-opec.html

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