# Crude oil prices today: WTI below $70, nine-month low

> US crude fell more than 1% on Wednesday to below $70 per barrel, touching a nine-month low of $68.83 in the session. Traders speculated that OPEC+ could delay production increases scheduled for next month, while the market remained worried that supply would rise as demand weakens.

- Date: 2024-09-04 · published 2024-09-04T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12386-crude-oil-prices-today-wti-below-70-nine-month-low
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Uncertainty over OPEC+ output policy and softening demand keep crude under pressure, which lowers energy-linked support for biofuel feedstocks such as soybean oil and corn.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2024/09/04/crude-oil-prices-today.html

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