# Global oil's comeback year presages more strength in 2022

> Brent crude rose as high as about $86 a barrel during 2021 after starting the year near $52, before easing at year-end. Forecasters expect prices to resume their upward path in 2022 unless supply increases, with some researchers projecting Brent to average $85.

- Date: 2021-12-23 · published 2021-12-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43776-global-oil-s-comeback-year-presages-more-strength-in-2022
- 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 prices raise diesel and energy costs for feed mills, grain transport and fertilizer, and tend to support biofuel-linked demand for vegetable oils.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/global-oils-comeback-year-presages-more-strength-2022-2021-12-23/

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