# Oil prices rise, but post biggest weekly decline since March | Reuters

> Brent settled up 51 cents at $84.58 and WTI at $82.79 on Friday after a partial lifting of Russia's fuel export ban. For the week, Brent fell about 11% and WTI over 8%.

- Date: 2023-10-06 · published 2023-10-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7358-oil-prices-rise-but-post-biggest-weekly-decline-since-march-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Weekly losses reflect demand fears from high interest rates outweighing supply cuts by Saudi Arabia and Russia; lower crude weighs on energy-linked feed costs and biofuel margins.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-track-sharpest-weekly-decline-since-march-2023-10-06/

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