# What’s Stopping Oil From Breaking Out? | OilPrice.com

> Oil prices have been stuck in a narrow range, with WTI in the mid-$50s and Brent in the mid-to-low $60s, despite Middle East supply threats and declines in Iran and Venezuela. Analysts say demand concerns tied to the US-China trade war are dominating price direction.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/58261-what-s-stopping-oil-from-breaking-out-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Trade-war demand worries are keeping crude capped, which limits energy-driven support for vegetable oils and biofuel feedstocks.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- oilprice.com: https://oilprice.com/Energy/Oil-Prices/Whats-Stopping-Oil-From-Breaking-Out.html

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