# As Oil Prices Rise, OPEC Prepares to Meet

> Tight global energy supplies pushed oil above $80 a barrel for the first time in three years, with demand recovering from the pandemic and US output disrupted by Hurricane Ida. Goldman Sachs forecast Brent could reach $90 by year-end, while analysts debated whether OPEC+ spare capacity meant a real shortage.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45235-as-oil-prices-rise-opec-prepares-to-meet
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude and a bullish forecast raise energy and diesel costs for feed milling and transport, and support vegetable oil prices via biofuel demand.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- voanews.com: https://www.voanews.com/a/as-oil-prices-rise-opec-prepares-to-meet/6250147.html

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