# Oil posts biggest annual gain since at least 2016

> Oil prices settled lower on December 31 but posted their biggest annual gains since at least 2016. Brent settled down $1.75 at $77.78 and WTI fell to $75.21, with both contracts up more than 50% for 2021.

- Date: 2021-12-31 · published 2021-12-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43755-oil-posts-biggest-annual-gain-since-at-least-2016
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The annual rally reflects demand recovery and OPEC+ supply restraint, which keeps crude costs elevated and raises input costs for feed production and transport.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-heads-biggest-yearly-gains-since-2009-2021-12-31/

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