# World Commodities - Pakistan & Gulf Economist Weekly Magazine

> Brent crude settled at $70.85 a barrel and WTI at $61.94 on Friday, both up slightly on the day but down for the week. Strong US jobs data supported demand expectations, while sanctions on Iran and Venezuela and OPEC+ supply cuts tightened supply. Rising US crude inventories and record production capped gains.

- Date: 2019-05-05 · published 2019-05-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7493-world-commodities-pakistan-and-gulf-economist-weekly-magazine
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Crude prices feed into diesel, fertilizer and freight costs for feed producers, but the story mainly reports routine weekly market moves.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- pakistangulfeconomist.com: https://www.pakistangulfeconomist.com/2019/05/06/world-commodities-18-19/

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