# Brent crude hits high note of $60 - here's why... - News for the Energy Sector

> Brent crude rose above $60 a barrel for the first time in two years, driven by Middle East political uncertainty, expectations of extended OPEC cuts and falling US inventories. Analysts also pointed to signs of a slowdown in US shale output growth.

- Date: 2017-10-28 · published 2017-10-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/68634-brent-crude-hits-high-note-of-60-here-s-why-news-for-the-energy-sector
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Brent above $60 raises energy and freight costs for feed producers and supports biofuel-linked feedstock values. The tightening signals from inventories and shale suggest the uptrend has some support.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-04-30 | [Global energy costs rise as Iran war affects Brent crude oil price \| AP News](https://feedsoft.ai/events/19893-global-energy-costs-rise-as-iran-war-affects-brent-crude-oil-price-ap-news.md) | -15.3% | -21.9% |
| BRENT | 2018-04-26 | [Dealers see rupee breaching the 67 level. Here's why](https://feedsoft.ai/events/65793-dealers-see-rupee-breaching-the-67-level-here-s-why.md) | -0.9% | +7.2% |
| BRENT | 2024-01-26 | [Crude oil prices today: WTI, Brent on pace for weekly gain](https://feedsoft.ai/events/32275-crude-oil-prices-today-wti-brent-on-pace-for-weekly-gain.md) | -2.4% | +2.9% |
| BRENT | 2017-10-31 | [Oil up near 2-year highs, analysts see more US crude exports](https://feedsoft.ai/events/68630-oil-up-near-2-year-highs-analysts-see-more-us-crude-exports.md) | +5.8% | +4.6% |
| BRENT | 2021-04-22 | [Fuel for Thought: Energy security concerns returning to haunt oil market](https://feedsoft.ai/events/47771-fuel-for-thought-energy-security-concerns-returning-to-haunt-oil-market.md) | +3.9% | +3.3% |
| WTI | 2024-01-26 | [Crude oil prices today: WTI, Brent on pace for weekly gain](https://feedsoft.ai/events/32275-crude-oil-prices-today-wti-brent-on-pace-for-weekly-gain.md) | -4.6% | -0.6% |
| WTI | 2018-05-07 | [Rupee hits 1-year low on FPI outflow, higher crude - Times of India](https://feedsoft.ai/events/65301-rupee-hits-1-year-low-on-fpi-outflow-higher-crude-times-of-india.md) | +1.4% | -7.1% |
| WTI | 2021-10-06 | [ICE weekly outlook: Canola feeling the energy - Grainews](https://feedsoft.ai/events/44670-ice-weekly-outlook-canola-feeling-the-energy-grainews.md) | +2.1% | +6.1% |

## Sources

- energyvoice.com: https://www.energyvoice.com/oilandgas/154501/brent-crude-hits-high-note-60-heres/

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