# U.S. crude ends lower for record eleventh consecutive session

> U.S. crude ended lower for an 11th consecutive session, settling at $59.93 after a drop of about 26 cents. Pressure came from rising global supply and fears of slowing demand, particularly from countries whose weaker currencies reduced their purchasing power.

- Date: 2018-11-12 · published 2018-11-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6662-u-s-crude-ends-lower-for-record-eleventh-consecutive-session
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker currencies in importing countries cut their ability to buy energy and commodities, which adds to downward price pressure on crude and related inputs.

## Read by commodity

- WTI: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-global-oil/u-s-crude-turns-negative-on-track-for-eleventh-day-of-losses-idUSKCN1NH02I/?feedName=businessNews&feedType=RSS

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