# US crude oil tops $51 a barrel for first time in four months

> US crude futures rose above $51 a barrel, a four-month high, while Brent reached its highest level since January. Producers meeting in Vienna said the global market was rebalancing and inventories were falling.

- Date: 2017-09-25 · published 2017-09-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/69121-us-crude-oil-tops-51-a-barrel-for-first-time-in-four-months
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude lifts diesel and energy costs for feed mills and farm operations, and supports biofuel economics that tie into soyoil and corn demand.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2017/09/24/oil-holds-gains-as-producers-say-market-rebalancing.html

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