# ENERGY: Less Anxiety From Equities Allows for Petroleum Bounce — The Hightower Report

> Crude oil recovered $6.65 after a 5-day low below $105 support on May 19, 2022. Traders cited US efforts to boost Venezuelan supply, pressure on Saudi Arabia to raise output, and Chinese purchases of Iranian oil, while demand fears weighed on prices.

- Date: 2022-05-20 · published 2022-05-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11770-energy-less-anxiety-from-equities-allows-for-petroleum-bounce-the-hightower
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Crude moves feed through to diesel, fertilizer and biofuel economics, affecting feed input costs. Demand-driven volatility and supply-side hopes point to a range-bound, uncertain price outlook for energy-linked feed costs.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- hightowerreport.com: https://www.hightowerreport.com/blog/2022/5/energy-less-anxiety-from-equities-allows-for-petroleum-bounce

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