# Market analysis by Hussein Al Sayed: The two forces pressing down on oil prices | The National

> An analysis argues that crude prices are pressured by two forces: rising US production and rig counts, which have grown for 10 straight weeks, and a volatile US dollar that has not stimulated crude demand. Oil fell below $49 a barrel earlier as inventories built. The author says OPEC's production cuts are only half the solution.

- Date: 2017-07-21 · published 2017-07-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70162-market-analysis-by-hussein-al-sayed-the-two-forces-pressing-down-on-oil-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Persistent US supply growth and rising inventories cap crude price gains, which limits pressure on energy and freight costs for feed.

## Read by commodity

- WTI: bearish ▼

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/markets/market-analysis-by-hussein-al-sayed-the-two-forces-pressing-down-on-oil-prices-1.612538

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