# Oil prices fall slightly as US supply growth offsets OPEC support | Fox Business

> Oil prices slipped on March 29 as OPEC comments that its output curbs would likely stay in place for the rest of 2018 were offset by a rise in US crude inventories. June Brent was down about 35 cents at $68.41 and WTI was down 7 cents at $64.31. Brent had touched $71 earlier in the week.

- Date: 2018-03-29 · published 2018-03-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65934-oil-prices-fall-slightly-as-us-supply-growth-offsets-opec-support-fox-business
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rising US inventories and output cap crude gains despite OPEC restraint, which keeps energy input costs for feed mills from rising further. The move is routine and small.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- foxbusiness.com: https://www.foxbusiness.com/markets/oil-prices-fall-slightly-as-us-supply-growth-offsets-opec-support

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