# Oil falls on lackluster U.S. summer gasoline demand | Reuters

> Brent crude for September settled down 43 cents at $106.92 a barrel. U.S. WTI crude for August fell $1.96 to $102.26 as U.S. summer gasoline demand disappointed.

- Date: 2022-07-20 · published 2022-07-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/40644-oil-falls-on-lackluster-u-s-summer-gasoline-demand-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Weaker crude prices lower diesel and energy costs for feed transport and grain drying, and they can ease fertilizer and feed-ingredient input pressure. Soft fuel demand also weighs on biofuel-linked vegetable oil and corn ethanol margins.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-falls-inflation-concerns-anticipated-stock-builds-2022-07-20/

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