# Crude Oil Prices Edge Higher With Weaker Dollar and Supply Halts in Focus - Bloomberg

> Crude oil prices edged higher as the dollar weakened and supply disruptions were in focus, with WTI trading near $70 a barrel. Concerns about recession and jobless claims rising had weighed on the market earlier in the session.

- Date: 2023-05-11 · published 2023-05-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36106-crude-oil-prices-edge-higher-with-weaker-dollar-and-supply-halts-in-focus
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Recession worries point to lower future oil consumption, but a weaker dollar and supply concerns provide support, leaving energy costs for feed logistics broadly steady.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-05-11/crude-oil-prices-edge-higher-with-weaker-dollar-and-supply-halts-in-focus

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