# Oil prices fall on stronger dollar, demand fears

> Oil prices fell about 1% on Friday, extending a fourth weekly decline, as a stronger dollar and demand fears weighed on the market. Brent settled at $74.17 and WTI at $70.04.

- Date: 2023-05-15 · published 2023-05-15T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36103-oil-prices-fall-on-stronger-dollar-demand-fears
- 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

Softer crude and a firmer dollar lower energy costs but also make dollar-priced commodities less attractive to non-US buyers, a mixed signal for feed ingredients.

## Read by commodity

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

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-recover-short-covering-us-debt-ceiling-fears-weigh-2023-05-12/

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