# The Commodities Feed: Sentiment weakens | articles | ING THINK

> Oil prices fell sharply on January 8, with ICE Brent settling 3.35% lower after a Saudi cut in official selling prices. European TTF gas dropped 8.44% as storage stayed above 84% full.

- Date: 2024-01-09 · published 2024-01-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/14331-the-commodities-feed-sentiment-weakens-articles-ing-think
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower energy prices reduce input and freight costs and can weigh on biofuel-linked demand for vegetable oils and corn.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- NATGAS: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/articles/the-commodities-feed-sentiment-weakens090124/

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