# MARKET WATCH: Brent oil price gains more than $1/bbl | Oil & Gas Journal

> Brent for October and November gained more than $1 a barrel on August 24, and WTI rose nearly 90 cents to end its best week since June. Analysts pointed to US-China trade concerns and expected Iranian export losses from US sanctions.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63708-market-watch-brent-oil-price-gains-more-than-1-bbl-oil-and-gas-journal
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of lost Iranian crude exports support higher crude prices, which can lift biofuel and input costs. The commentary describes price moves rather than a new supply shock.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- ogj.com: https://www.ogj.com/general-interest/economics-markets/article/17295917/market-watch-brent-oil-price-gains-more-than-1-bbl

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