# Oil rises as Opec commitment to cuts offsets US output gains | The National

> Oil prices rose as OPEC's commitment to output cuts offset gains in US production. The report describes the market reaction to the cartel's adherence to its limits.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/66429-oil-rises-as-opec-commitment-to-cuts-offsets-us-output-gains-the-national
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Continued OPEC discipline supports crude prices even as US output rises. This keeps energy input costs for feed producers firm.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/oil-rises-as-opec-commitment-to-cuts-offsets-us-output-gains-1.700934

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