# Oil Markets: Economic recovery and demand worries

> Oil prices slipped for a fourth straight session as U.S. crude inventories rose 2.4 million barrels, against analyst expectations of a 3 million barrel increase. Brent was down about 0.6% near $68 a barrel and WTI settled 0.3% lower near $64.60, while European vaccine pauses and rising COVID cases weighed on demand.

- Date: 2021-03-17 · published 2021-03-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7044-oil-markets-economic-recovery-and-demand-worries
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising U.S. crude stocks and weaker European demand point to near-term price softness, which lowers energy input costs for feed buyers.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2021/03/17/oil-markets-economic-recovery-and-demand-worries.html

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