# Oil posts weekly loss as interest rate policy spurs fuel demand worries | Reuters

> Oil prices rose about 1% on Friday but posted a weekly loss, as strong US economic data raised expectations that interest rates would stay elevated and curb fuel demand. Brent July rose 76 cents to $82.12 a barrel at the time of the report.

- Date: 2024-05-24 · published 2024-05-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30417-oil-posts-weekly-loss-as-interest-rate-policy-spurs-fuel-demand-worries-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of tighter money and weaker fuel demand weigh on crude and diesel, reducing energy input costs for feed and grain logistics over the near term.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-flat-firming-us-gasoline-demand-offsets-rate-jitters-2024-05-24/

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