# Oil price rises above $80 for first time in three years

> Brent crude rose above $80 for the first time since 2018 on September 28, reaching $80.69 intraday, while the British pound fell 1.3% on inflation fears. Brent had gained about 55% year to date amid an European energy crisis.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45236-oil-price-rises-above-80-for-first-time-in-three-years
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Surging crude adds to input cost inflation across the energy complex, supporting prices for energy-linked feed inputs and biofuel feedstocks.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- GBPUSD: bearish ▼

## Sources

- bbc.co.uk: https://www.bbc.co.uk/news/business-58727437

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