# Brent Physical Oil Market Weakens Again Despite OPEC Output Cuts - Bloomberg

> The Brent physical crude market is showing renewed weakness as Asian buying slows, US crude flows into Europe, and barrels are coming out of storage. Together these factors are recreating a glut in the North Sea.

- Date: 2017-04-20 · published 2017-04-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71670-brent-physical-oil-market-weakens-again-despite-opec-output-cuts-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker physical Brent market points to softer crude prices, which lowers energy costs for feed production and transport and can weigh on biofuel-linked demand for vegetable oils.

## Read by commodity

- BRENT: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-04-20/brent-physical-oil-market-weakens-again-despite-opec-output-cuts

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