# Why the oil price is so high

> Oil prices have risen to around $70 per barrel Brent, prompting analysts to revisit explanations for the price move. The article reviews the market's shifting narratives since the 2014 price collapse.

- Date: 2018-01-18 · published 2018-01-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/67150-why-the-oil-price-is-so-high
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistently high crude prices raise diesel, fertilizer and transport costs for feed buyers, and the uncertain drivers suggest continued volatility rather than a quick decline.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- economist.com: https://www.economist.com/finance-and-economics/2018/01/18/why-the-oil-price-is-so-high

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