# US crude settles up 11 cents, as analysts forecast big draw in stockpiles

> U.S. crude settled up 11 cents at $52.23 on Tuesday, while Brent rose to $55.56 a barrel. Analysts forecast a large draw in U.S. crude stockpiles, and the rally came despite a dollar that hit a 14-year high.

- Date: 2016-12-20 · published 2016-12-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73627-us-crude-settles-up-11-cents-as-analysts-forecast-big-draw-in-stockpiles
- 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

Expectations of tighter inventories support crude prices, which tend to support biofuel and vegetable oil values. The strong dollar is a headwind for dollar-denominated commodities.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2016/12/19/oil-prices-steady-in-run-up-to-christmas.html

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