# Oil settles up but off highs as Flynn news spooks Wall Street | Reuters

> Oil settled higher on Friday after Brent rose as high as $64.32 a barrel, the day after OPEC and other producers agreed to extend output cuts through the end of 2018. Gains were limited as news about Michael Flynn spooked Wall Street.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/67640-oil-settles-up-but-off-highs-as-flynn-news-spooks-wall-street-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The output-cut extension supports crude prices by tightening global supply, which can ease pressure on energy-linked feed costs. Gains were modest, so the day's move reflects routine trading more than a new shock.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-global-oil/oil-prices-rise-after-opec-extends-output-curbs-idUSKBN1DT0IW/?il=0&stream=top-stories

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