# Oil set for weekly loss as economic uncertainty weighs

> Oil prices were set for a weekly loss as concerns about economic uncertainty and high inflation weighed on demand expectations. Weekly US data was also cited in the coverage.

- Date: 2023-04-21 · published 2023-04-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/36560-oil-set-for-weekly-loss-as-economic-uncertainty-weighs
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of softer fuel demand push crude and diesel lower, which can ease freight and fertilizer input costs for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oil-prices-extend-losses-fears-recession-slower-oil-demand-2023-04-21/

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