# OPEC Moves To Boost Compliance On Cuts - Sharecafe

> Oil prices rose on Monday after Saudi Arabia said it will cut crude exports from August and Nigeria agreed to cap output. September WTI settled up 57 cents at $46.34 and Brent gained 42 cents to $48.48. Saudi Arabia warned it would escalate pressure on members it considers free riders.

- Date: 2017-07-24 · published 2017-07-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/69867-opec-moves-to-boost-compliance-on-cuts-sharecafe
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Price gains reflect expected tighter supply from Saudi export cuts, which supports energy costs that feed into feed transport and processing margins.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- sharecafe.com.au: https://www.sharecafe.com.au/2017/07/25/opec-moves-to-boost-compliance-on-cuts/

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