# Oil Slips as OPEC Seen Facing Tough Test to Balance Market - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Oil fell as much as 2.2% after the IEA warned OPEC and allies face a difficult task balancing the market next year as non-OPEC supply grows. The stronger dollar after ECB stimulus also weighed, and WTI fell to $54.64 while Brent dropped to $59.43.

- Date: 2019-09-12 · published 2019-09-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/57249-oil-slips-as-opec-seen-facing-tough-test-to-balance-market-energy-news-top
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of rising non-OPEC supply and weak demand from the US-China trade dispute point to softer crude prices, lowering energy costs for feed supply chains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-12-01 | [Oil Trades Below $57 After IEA Says OPEC May Not See Happy 2018 - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/67642-oil-trades-below-57-after-iea-says-opec-may-not-see-happy-2018-energy-news-top.md) | -2.0% | +4.9% |
| BRENT | 2020-10-17 | [OPEC+ fears second virus wave could lead to oil surplus in 2021 - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/50553-opec-fears-second-virus-wave-could-lead-to-oil-surplus-in-2021-energy-news-top.md) | -2.1% | +0.0% |
| BRENT | 2018-03-09 | [Opec forecasts balanced oil market by 2026](https://feedsoft.ai/events/65937-opec-forecasts-balanced-oil-market-by-2026.md) | +1.0% | +4.8% |
| BRENT | 2020-02-13 | [Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/54763-short-term-energy-outlook-fuels-market-news.md) | +6.7% | -36.9% |
| BRENT | 2018-03-13 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/66208-eia-short-term-energy-outlook-fuels-market-news.md) | +1.1% | +9.4% |
| WTI | 2017-12-01 | [Oil Trades Below $57 After IEA Says OPEC May Not See Happy 2018 - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/67642-oil-trades-below-57-after-iea-says-opec-may-not-see-happy-2018-energy-news-top.md) | -1.5% | +5.3% |
| WTI | 2020-10-17 | [OPEC+ fears second virus wave could lead to oil surplus in 2021 - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/50553-opec-fears-second-virus-wave-could-lead-to-oil-surplus-in-2021-energy-news-top.md) | -2.4% | -1.9% |
| WTI | 2018-01-01 | [U.S. crude stocks rise as gasoline falls: EIA - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/67154-u-s-crude-stocks-rise-as-gasoline-falls-eia-energy-news-top-headlines.md) | +2.1% | +6.9% |

## Sources

- energynow.com: https://energynow.com/2019/09/oil-slips-as-opec-seen-facing-tough-test-to-balance-market/

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