# Oil settles near 3-year high ahead of OPEC+ meeting | Reuters

> Brent crude settled at $79.28 after rising 97 cents, and WTI settled at $75.88, marking a sixth weekly gain in a row for WTI. Prices were near a three-year high ahead of an OPEC+ meeting.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44738-oil-settles-near-3-year-high-ahead-of-opec-meeting-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Crude near multi-year highs raises diesel, freight and fertilizer costs for feed producers, and the OPEC+ decision on supply is the key near-term driver of whether that cost pressure persists.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-slips-opec-weighs-output-boost-tight-market-2021-10-01/

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