# Oil falls as demand growth concerns outweigh U.S. stock drawdown | Financial Post

> Oil prices dropped on Thursday as concerns over slowing US economic recovery and renewed coronavirus travel restrictions in Europe weighed on demand. WTI fell 0.9% to $39.56 and Brent fell 0.8% to $41.43, despite a US crude and fuel stock draw.

- Date: 2020-09-24 · published 2020-09-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10819-oil-falls-as-demand-growth-concerns-outweigh-u-s-stock-drawdown-financial-post
- 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

Weaker fuel demand outlook from lockdowns and a stronger dollar pressure crude prices lower. Lower energy prices reduce biofuel feedstock economics, which can weigh on vegetable oil and related feed prices.

## Read by commodity

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

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/oil-falls-as-demand-growth-concerns-outweigh-u-s-stock-drawdown-2

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