# Oil Futures Soften as USD Hits 17-Month High, US Crude Build

> NYMEX WTI settled down 11 cents at $78.39 per barrel and ICE Brent finished little changed at $82.25 on November 24, 2021. Crude was pressured by an unexpected rise in US commercial inventories and a rally in the US Dollar Index to a 17-month high of 96.872.

- Date: 2021-11-24 · published 2021-11-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7077-oil-futures-soften-as-usd-hits-17-month-high-us-crude-build
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes dollar-priced commodities like grains and meals more expensive for foreign buyers, and crude softness lowers energy and input costs, so the combined effect is mildly bearish for feed commodities.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2021/11/24/oil-futures-soften-usd-hits-17-month

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