# Oil steadies after report China ready to buy more

> Oil futures were little changed on Sept 30 as reports said China was prepared to buy more oil and other energy supplies. Gains were offset by an unexpected rise in U.S. crude inventories and a strong dollar. November Brent settled at $78.52 and WTI at $75.03.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45225-oil-steadies-after-report-china-ready-to-buy-more
- 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

Chinese buying interest supports energy demand, but a stronger dollar and rising US stocks cap prices. Higher crude feeds through to diesel and biofuel costs for feed and fertilizer supply chains.

## Read by commodity

- DXY: bullish ▲
- WTI: neutral
- BRENT: neutral

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-falls-after-us-inventories-post-surprise-gain-2021-09-30/

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