# Oil Struggles to Hold Momentum That's Slowed Down by U.S. Supply - Canadian Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow

> Oil momentum stalled in early February 2018 after a jump in U.S. production and a rebound in inventories rekindled glut worries. Futures trimmed gains after a 2.5% slide in the first two sessions of the week.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/66665-oil-struggles-to-hold-momentum-that-s-slowed-down-by-u-s-supply-canadian-energy
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rising U.S. stocks and output weigh on crude, which lowers energy costs that partly support biofuel and feed-processing margins. The move was gradual rather than a sharp break.

## Read by commodity

- WTI: bearish ▼

## Sources

- energynow.ca: https://energynow.ca/2018/02/oil-struggles-hold-momentum-thats-slowed-u-s-supply/

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