# The Commodities Feed: USD strength weighs on the complex | snaps | ING THINK

> Oil fell as rising Covid-19 cases in Europe and a stronger US dollar weighed on sentiment. Libya lifted further force majeures and expects output to recover toward 260 kb/d, while API data showed a crude build but product draws.

- Date: 2020-09-23 · published 2020-09-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10815-the-commodities-feed-usd-strength-weighs-on-the-complex-snaps-ing-think
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Libyan supply recovery adds to crude availability while demand concerns persist, pressuring crude prices. Feed buyers face lower energy costs that can affect biofuel and transport economics.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/snaps/the-commodities-feed-usd-strength-weighs-on-the-complex/

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