# Oil prices recover on reports of OPEC output drop, trade talk optimism

> Oil prices rose on Tuesday after a Reuters survey showed OPEC output fell to 28.9 million bpd in September, down 750,000 bpd from August. Renewed optimism over US-China trade talks also lifted sentiment, with Brent up about 1.2% to $59.95 and WTI up about 1.15% to $54.69.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57235-oil-prices-recover-on-reports-of-opec-output-drop-trade-talk-optimism
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower OPEC supply and hopes for a trade deal support crude prices, which feed through to diesel and biofuel costs and to the energy-linked commodities feed buyers track.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- english.alarabiya.net: https://english.alarabiya.net/business/energy/2019/10/01/Oil-prices-recover-on-reports-of-OPEC-output-drop-trade-talk-optimism-

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