# Oil falls for fourth straight session on US inflation jitters | Reuters

> Oil prices fell for a fourth straight session on Thursday, settling at multi-month lows on US inflation concerns. Brent settled 54 cents lower at $81.36 and WTI fell 70 cents to $76.87.

- Date: 2024-05-23 · published 2024-05-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30434-oil-falls-for-fourth-straight-session-on-us-inflation-jitters-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Multi-month lows in crude reduce diesel and energy costs, though the move is driven by macro rate worries rather than physical supply changes.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-fall-worries-higher-us-interest-rates-2024-05-23/

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