# OPEC ups production as prices rise, supply declines - UPI.com

> OPEC raised crude production by 278,000 barrels per day from July to August, citing concerns over global supply and US sanctions on Iran. Brent hovered near $80 a barrel, the highest since 2014, while Russia's energy minister said US trade measures against China add a $5 to $6 premium to crude.

- Date: 2018-09-12 · published 2018-09-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62934-opec-ups-production-as-prices-rise-supply-declines-upi-com
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Rising crude costs push up diesel and freight expenses for feed makers, and the trade-war premium signals that US-China tariffs are also affecting energy demand.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲

## Sources

- upi.com: https://www.upi.com/Energy-News/2018/09/12/OPEC-ups-production-as-prices-rise-supply-declines/8391536765969/

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