# U.S. oil prices fall below $90 a barrel for the first time since Ukraine invasion.

> US oil prices fell below $90 a barrel for the first time since Russia's invasion of Ukraine. Elevated prices earlier in the year had strained consumers facing an energy crisis.

- Date: 2022-08-04 · published 2022-08-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12801-u-s-oil-prices-fall-below-90-a-barrel-for-the-first-time-since-ukraine-invasion
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Falling crude reduces near-term energy and fuel cost pressure, though the price level is still high relative to pre-war norms.

## Read by commodity

- WTI: bearish ▼

## Sources

- nytimes.com: https://www.nytimes.com/2022/08/04/business/us-oil-prices.html

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