# Oil prices dip as investors fret over demand outlook

> Oil fell about 1% on Tuesday as weak US consumer confidence data raised concerns about economic outlook and fuel demand. Brent settled down $1 at $85.01 and US crude fell to $80.83.

- Date: 2024-06-25 · published 2024-06-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29934-oil-prices-dip-as-investors-fret-over-demand-outlook
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker fuel demand expectations weigh on energy prices, which modestly pressures biofuel-linked vegetable oils and corn.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-prices-steady-markets-weigh-supply-tensions-china-economic-recovery-2024-06-25/

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