# Oil prices will continue to stay elevated

> Analysts expect oil prices to stay elevated because OPEC+ members, including Russia, are struggling to lift output to their raised quotas. Brent and WTI were hovering near their highest levels since 2014 ahead of a planned 400,000 bpd OPEC+ increase.

- Date: 2018-03-09 · published 2018-03-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/66171-oil-prices-will-continue-to-stay-elevated
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Limited spare capacity keeps the crude market tight, which supports energy and freight costs for feed producers. A surprise supply increase would be needed to ease prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- tradearabia.com: https://tradearabia.com/News/259673/Oil-prices-will-continue-to-stay-elevated

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