# Futures File: Tighter supplies lead to higher gas prices; cattle futures hit new highs – Greeley Tribune

> Oil prices rose to a seven-month high of near $54 per barrel as Saudi-led OPEC and other producers signaled continued output curtailment. Rising US gasoline and diesel demand tightened fuel supplies, pushing pump prices up about 20 cents over the month. Cattle futures also reached new highs as investment funds bought heavily.

- Date: 2017-10-27 · published 2017-10-27T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5334-futures-file-tighter-supplies-lead-to-higher-gas-prices-cattle-futures-hit-new
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

OPEC supply curbs lift crude and diesel costs, which raise feed transport and processing expenses, while fund-driven cattle buying supports producer margins.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2017-10-30 | 1 | +4.6% | 6.8 | Heavy investment fund buying pushed cattle futures to new highs, which is a sentiment and flow driver that supports the continued advance. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-09-05 | [OPEC+ makes small trim to world oil supplies as prices fall \| AP News](https://feedsoft.ai/events/39511-opec-makes-small-trim-to-world-oil-supplies-as-prices-fall-ap-news.md) | +1.0% | -3.7% |
| WTI | 2025-04-01 | [Oil prices rise for second consecutive week on expected tighter supply](https://feedsoft.ai/events/25750-oil-prices-rise-for-second-consecutive-week-on-expected-tighter-supply.md) | -15.1% | -14.5% |
| WTI | 2022-02-02 | [Caution from OPEC+ producers to keep oil prices high \| AP News](https://feedsoft.ai/events/42630-caution-from-opec-producers-to-keep-oil-prices-high-ap-news.md) | +1.3% | +25.5% |
| WTI | 2017-03-01 | [Oil prices rise as OPEC production cut trims supply  \| Globalnews.ca](https://feedsoft.ai/events/72179-oil-prices-rise-as-opec-production-cut-trims-supply-globalnews-ca.md) | -2.2% | -10.4% |
| WTI | 2021-02-01 | [Crude oil futures tick higher as Saudi Arabia's voluntary production cuts begin \| S&P Global](https://feedsoft.ai/events/48813-crude-oil-futures-tick-higher-as-saudi-arabia-s-voluntary-production-cuts-begin.md) | +8.9% | +16.1% |
| DIESEL | 2018-08-15 | [Truckers Asleep at the Wheel as Diesel Price Shock Creeps Closer - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/63728-truckers-asleep-at-the-wheel-as-diesel-price-shock-creeps-closer-energy-news.md) | -0.2% | +6.2% |
| DIESEL | 2023-04-02 | [Oil prices surge after surprise move to cut output](https://feedsoft.ai/events/7947-oil-prices-surge-after-surprise-move-to-cut-output.md) | +2.0% | -10.0% |
| DIESEL | 2019-02-01 | [A trade gets done in Singapore and gives a hint what will happen to fuel prices under IMO2020 - FreightWaves](https://feedsoft.ai/events/60790-a-trade-gets-done-in-singapore-and-gives-a-hint-what-will-happen-to-fuel-prices.md) | +1.4% | +6.7% |

## Sources

- greeleytribune.com: https://www.greeleytribune.com/2017/10/27/futures-file-tighter-supplies-lead-to-higher-gas-prices-cattle-futures-hit-new-highs/

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