# Why Oil Prices Remain Subdued - The New York Times

> Oil prices eased on Friday, with Brent futures near $71 a barrel, down more than 15% from the July high. The article attributes the subdued prices to falling oil markets.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28954-why-oil-prices-remain-subdued-the-new-york-times
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude prices reduce energy and freight costs for feed producers and weigh on biofuel feedstock values such as vegetable oils.

## Read by commodity

- BRENT: bearish ▼

## Sources

- nytimes.com: https://www.nytimes.com/2024/08/30/business/oil-prices.html

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