# Oil gains, supported by rising stock market, U.S.-Mexico trade deal | Reuters

> Oil prices edged up on Monday, supported by a stronger equities market and news that the US and Mexico agreed to overhaul NAFTA. Brent settled at $76.21 and WTI at $68.87. A monitoring committee found OPEC and non-OPEC producers cut July output by 9% more than agreed.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63700-oil-gains-supported-by-rising-stock-market-u-s-mexico-trade-deal-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Crude moves feed through to diesel and freight costs for feed ingredients. Small gains on trade and equity sentiment point to firmer energy costs, but the move is modest.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/business/oil-gains-supported-by-rising-stock-market-us-mexico-trade-deal-idUSKCN1LC03C/

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