# FreightWaves oil report: just about everything points to lower prices - FreightWaves

> Oil benchmarks fell about 20% from April highs as bearish factors accumulated, including recession fears, weak 2019 and 2020 demand growth, and a stronger dollar. Correlation between oil, equities and FX was high during the week. Speculation about further Saudi support measures was noted.

- Date: 2019-08-10 · published 2019-08-10T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57786-freightwaves-oil-report-just-about-everything-points-to-lower-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower crude prices reduce input costs for diesel and fertilizer, and a stronger dollar makes US commodities more expensive for overseas buyers.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼

## Sources

- freightwaves.com: https://www.freightwaves.com/news/freightwaves-oil-report-just-about-everything-points-to-lower-prices

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