# Oil prices finish higher, but concerns remain over outlook for demand - MarketWatch

> Oil futures finished higher on Wednesday, recovering less than half of the more than 7% drop from the prior session. Traders said the market had recovered from oversold positions, though demand concerns persisted. WTI settled at $38.05 and Brent at $40.79 per barrel.

- Date: 2020-09-09 · published 2020-09-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7478-oil-prices-finish-higher-but-concerns-remain-over-outlook-for-demand-marketwatch
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The rebound reflects short-term technical recovery rather than a change in demand fundamentals, so price direction remains uncertain. Energy cost moves can still flow through to feed and biofuel margins.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- marketwatch.com: https://www.marketwatch.com/story/oil-prices-bounce-but-concerns-remain-over-outlook-for-demand-2020-09-09

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