# Oil slips for a third straight day on prospect of US rates staying high

> Brent crude settled 98 cents lower at $81.90 a barrel, down 1.18%, and WTI fell $1.09 to $77.57. Both benchmarks settled about 1% lower on Tuesday after a third straight day of losses.

- Date: 2024-05-22 · published 2024-05-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30420-oil-slips-for-a-third-straight-day-on-prospect-of-us-rates-staying-high
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistent expectations of higher US rates for longer are pressuring crude prices, lowering energy costs for feed freight and processing.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-slips-third-session-likely-higher-longer-us-rates-2024-05-22/

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