# Oil rallies to $73 on tight U.S. supplies, Biden-Xi call

> Oil briefly topped $73 on September 10, with Brent settling up 2.3% at $72.92 and WTI at $69.72. Roughly 1.4 million bpd of Gulf offshore output remained shut after Hurricane Ida, and US-China trade hopes also lifted risk assets.

- Date: 2021-09-10 · published 2021-09-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45238-oil-rallies-to-73-on-tight-u-s-supplies-biden-xi-call
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Hurricane-driven US supply tightness lifts crude, raising diesel and energy costs that flow through to feed transport and processing.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-slips-chinas-plan-release-crude-reserves-airline-demand-woes-2021-09-10/

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