# Brent oil prices dips on rising supply, global market woes- Moneycontrol.com

> Brent crude fell about 0.4 percent to $77.05 on October 30 as global stock weakness and rising supply offset Iran sanctions concerns. WTI was firmer, and the IEA's Birol cited high prices and slowing growth as demand headwinds.

- Date: 2018-10-30 · published 2018-10-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62713-brent-oil-prices-dips-on-rising-supply-global-market-woes-moneycontrol-com
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Softer crude and weaker demand expectations reduce energy and freight cost pressure on feed ingredients.

## Read by commodity

- WTI: neutral
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2018-11-01 | 5 | -7.1% | -2.8 | Brent dipped on Oct 30 on rising supply and global stock weakness, which outweighed Iran sanctions concerns. |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/brent-oil-prices-dips-on-rising-supply-global-market-woes-3102311.html

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