# Latest Oil Market News and Analysis for Jan 23 - Bloomberg

> Oil prices were little changed on January 23 as rising U.S. stockpiles offset optimism about Lunar New Year demand in China. WTI dipped 2 cents to $81.62, marking only the second decline in recent sessions.

- Date: 2023-01-22 · published 2023-01-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37960-latest-oil-market-news-and-analysis-for-jan-23-bloomberg
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rising U.S. inventories weigh on WTI and limit the price pressure on energy costs for feed mills and transport.

## Read by commodity

- WTI: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-01-22/oil-edges-lower-as-traders-weigh-china-outlook-in-sparse-trading

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