# Stocks, oil slide as Fed mulls rates and China struggles | Reuters

> Brent settled down 1.94% at $83.24 a barrel and US crude fell 2.25% to $79.17. The dollar rose for a fifth straight day to around 103.5 on the dollar index, and spot gold fell 0.48%. Stocks and oil slid after Fed meeting minutes and concerns about China.

- Date: 2023-08-16 · published 2023-08-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34487-stocks-oil-slide-as-fed-mulls-rates-and-china-struggles-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower crude and a stronger dollar reduce energy and diesel costs for feed transport but signal weaker demand expectations that weigh on commodity prices broadly.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/global-markets-wrapup-1-2023-08-16/

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