# Fuels Market Watch Weekly, August 9th Edition - Crude, Gas, Diesel Forward Prices

> Oil prices fell midweek as US production and inventories rose and the IEA cut its global demand forecast, while the US-China trade war added worries about growth. Prices rebounded on expectations of Saudi production cuts, but NYMEX gasoline still ended the week lower, down about 6%.

- Date: 2019-08-09 · published 2019-08-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12327-fuels-market-watch-weekly-august-9th-edition-crude-gas-diesel-forward-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower crude and diesel prices reduce fuel and freight costs for feed producers, but the weak demand outlook and trade tensions limit any sustained rally.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- fuelsmarketnews.com: https://fuelsmarketnews.com/fuels-market-watch-weekly-for-8-9-2019/

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