# Oil prices fall below $40 on mounting demand concerns

> Oil in New York closed below $40 a barrel for the first time in a month as a broader selloff pushed the S&P 500 down over 3%. Crude posted its worst week since June. Coronavirus flare-ups and OPEC+ supply returns added to concerns about demand.

- Date: 2020-09-04 · published 2020-09-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10230-oil-prices-fall-below-40-on-mounting-demand-concerns
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Persistent demand weakness and rising supply from OPEC+ point to continued pressure on crude, which weighs on energy-linked feed input costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- worldoil.com: https://www.worldoil.com/news/2020/9/4/oil-prices-fall-below-40-on-mounting-demand-concerns

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