# Oil keeps climbing on tight supply outlook | Daily FT

> Oil prices were headed for a fifth straight weekly gain on tight supply expectations, with WTI near $73.38 and Brent near $75.63. Traders were focused on whether OPEC+ would ease output cuts from August at its July 1 meeting.

- Date: 2021-06-26 · published 2021-06-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46760-oil-keeps-climbing-on-tight-supply-outlook-daily-ft
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Market bets that OPEC+ will remain cautious support crude prices, which lift diesel and transport costs for feed supply chains.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- ft.lk: https://www.ft.lk/front-page/Oil-keeps-climbing-on-tight-supply-outlook/44-719683

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