# Oil climbs to one-week high on U.S. supply concerns

> Oil rose on Sept 13 to a one-week high, with Brent at $73.51 and WTI at $70.45, on concerns over shut US output after Hurricane Ida. OPEC trimmed its fourth-quarter 2021 demand forecast citing the Delta variant. The EIA expects Brent to average $71 in the fourth quarter.

- Date: 2021-09-13 · published 2021-09-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45231-oil-climbs-to-one-week-high-on-u-s-supply-concerns
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Hurricane-related US supply losses support crude and diesel prices, raising energy costs for feed logistics. Weaker OPEC demand expectations limit the upside.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2021/09/13/oil-markets-us-supply-hurricane-ida.html

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