# Market Summary: December 26, 2021 | news.cqg.com

> Petroleum prices rose in the abbreviated pre-holiday week despite Omicron-related demand concerns. WTI gained 4.3%, Brent 3.5% and ULSD 5%, helped by dollar weakness, a sharp drop in US crude inventories, Russia-Ukraine tensions and a major US Gulf Coast refinery fire.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43781-market-summary-december-26-2021-news-cqg-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising diesel and crude prices increase transport and processing costs for feed buyers, while dollar weakness can support dollar-priced grain and oilseed exports.

## Read by commodity

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

## Sources

- news.cqg.com: https://news.cqg.com/blogs/commentary/2021/12/market-summary-december-26-2021

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