# Brent dips after topping $80 a barrel, highest since Oct 2018

> Brent crude dipped about 0.6% to $79.09 after touching $80.75, its highest since October 2018, as a five-day rally paused with investors taking profits. Traders expected OPEC+ to keep supply tight at its meeting the following week, while a power crunch in China loomed as a headwind.

- Date: 2021-09-28 · published 2021-09-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45232-brent-dips-after-topping-80-a-barrel-highest-since-oct-2018
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tight OPEC+ supply expectations and firm fuel demand support crude prices, which feed into biofuel and diesel costs and therefore feed-ingredient and vegetable oil pricing.

## Read by commodity

- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-eases-investors-take-profit-after-5-day-rally-2021-09-28/

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