# OPEC+ panel says uncertainties may impact oil demand recovery - Markets - Business Recorder

> OPEC+ experts said uncertainties from rising virus infections and lockdowns could slow the recovery in oil demand. The report noted that commercial OECD stocks remain above the 2015-2019 average even as they are being drawn down.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/48044-opec-panel-says-uncertainties-may-impact-oil-demand-recovery-markets-business
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Warnings of fragile demand cap upside for crude prices, though inventories still above average limit the bearish impact on energy costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-07-13 | [US MIDDAY: Grains: Losses deepen - Markets - Business Recorder](https://feedsoft.ai/events/4310-us-midday-grains-losses-deepen-markets-business-recorder.md) | +8.7% | -4.9% |
| WTI | 2021-03-18 | [Oil Markets: U.S. stockpile build, demand worries](https://feedsoft.ai/events/6201-oil-markets-u-s-stockpile-build-demand-worries.md) | -5.3% | -1.8% |
| WTI | 2023-03-14 | [OPEC sees improved Chinese oil demand more than offset by resilient Russian output \| S&P Global](https://feedsoft.ai/events/36772-opec-sees-improved-chinese-oil-demand-more-than-offset-by-resilient-russian.md) | -9.5% | +9.1% |
| WTI | 2020-09-10 | [Oil prices fall as growing U.S. stockpiles signal bumpy demand recovery \| Financial Post](https://feedsoft.ai/events/7477-oil-prices-fall-as-growing-u-s-stockpiles-signal-bumpy-demand-recovery.md) | +5.6% | +4.8% |
| WTI | 2019-05-22 | [Oil loses about 2% on swelling US stockpiles, demand worries \| Fox Business](https://feedsoft.ai/events/6607-oil-loses-about-2-on-swelling-us-stockpiles-demand-worries-fox-business.md) | -6.4% | -14.5% |
| BRENT | 2021-03-18 | [Oil Markets: U.S. stockpile build, demand worries](https://feedsoft.ai/events/6201-oil-markets-u-s-stockpile-build-demand-worries.md) | -5.6% | -2.0% |
| BRENT | 2023-03-14 | [OPEC sees improved Chinese oil demand more than offset by resilient Russian output \| S&P Global](https://feedsoft.ai/events/36772-opec-sees-improved-chinese-oil-demand-more-than-offset-by-resilient-russian.md) | -8.9% | +7.8% |
| BRENT | 2020-09-10 | [Oil prices fall as growing U.S. stockpiles signal bumpy demand recovery \| Financial Post](https://feedsoft.ai/events/7477-oil-prices-fall-as-growing-u-s-stockpiles-signal-bumpy-demand-recovery.md) | +3.3% | +2.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40079700

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