# Oil's up: What does it mean? - BBC News

> Brent crude has climbed to about $75 a barrel on an upward trend, driven by demand growth in Asia and OPEC and Russia holding back production. US inventories were expected to show further declines, adding upward pressure on prices.

- Date: 2018-04-24 · published 2018-04-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/65719-oil-s-up-what-does-it-mean-bbc-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude lifts diesel and fertilizer costs and the energy component of feed production, supporting higher input costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- bbc.co.uk: https://www.bbc.co.uk/news/uk-scotland-scotland-business-43886953

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