# Oil pares gains, but ends higher after Friday slump | Reuters

> Brent crude futures settled at $73.44 a barrel, up 72 cents or 1%, after falling $9.50 the previous Friday. U.S. West Texas Intermediate crude settled up $1.80, or 2.6%, at $69.95 a barrel, having tumbled $10.24 in the prior session.

- Date: 2021-11-29 · published 2021-11-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44219-oil-pares-gains-but-ends-higher-after-friday-slump-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Crude is a key input for biofuel and diesel costs, and the rebound after Friday's sharp slide suggests some stabilization in energy prices that feed through to vegetable oil and feed freight costs. The move is small and carries no new supply or demand cause.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-recoups-losses-friday-focusing-omicron-spread-iran-talks-2021-11-29/

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