# Oil falls on OPEC+ concerns over slow demand recovery

> Oil prices fell on March 31 as concerns grew about a slow demand recovery after OPEC and allies cut their 2021 demand growth forecast by 300,000 bpd. Brent for June was down about 0.8% near $63.64 and WTI fell to about $59.52.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48293-oil-falls-on-opec-concerns-over-slow-demand-recovery
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude expectations weaken the energy-linked support for vegetable oils and ethanol margins, pressuring feed-adjacent prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2021/03/31/oil-markets-opec-and-allies-meeting.html

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