# Oil demand struggles - BR Research - Business Recorder

> Oil prices have settled in the mid-to-low $40s, and analysts have stopped expecting a major rally toward $50. Demand recovery in India, South America and Europe has lagged China's, and OPEC+ members' compliance with cuts has been uneven.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/51810-oil-demand-struggles-br-research-business-recorder
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistent demand weakness and ample supply cap crude prices, which keeps energy and freight costs for feed ingredients contained.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40014554

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