# Mystify | Energy Intelligence

> Brent crude rose from a $64.57 low on April 26 to a $68.95 high on April 29, despite supply increases from OPEC+ and Libya. Market participants attributed the rally mainly to strong gasoline demand and expected recovery in consumption.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/47773-mystify-energy-intelligence
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Sustained crude strength above $68 supports biofuel margins and raises diesel and transport costs for feed buyers, with demand-led gains suggesting the rally may hold.

## Read by commodity

- BRENT: bullish ▲

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7dd-de4c-a17b-e7df2add0001

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