# US crude falls to 7-month low, deepening October's losses

> U.S. crude fell 2.5 percent to a nearly seven-month low of $63.69, deepening October losses. Brent also fell to about $72.97. Oil is being pressured by higher output from Russia, OPEC and the U.S. ahead of Iran sanctions, and by the U.S.-China trade dispute threatening demand.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9158-us-crude-falls-to-7-month-low-deepening-october-s-losses
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Increased supply from several producers and trade-dispute demand risks push crude lower, reducing energy costs for feed logistics and co-product values.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2018-11-01 | 5 | -7.1% | -2.8 | US crude hit a seven-month low and Brent slid as higher Russian, OPEC and US output plus trade-war demand fears pressured prices. |
| BRENT | 2018-11-01 | 1 | -4.8% | -3.7 | Same-day slide to multi-month lows on higher Russian, OPEC and U.S. output plus trade-war demand worries captures both supply and demand pressure behind the decline. |

## Sources

- cnbc.com: https://www.cnbc.com/2018/11/01/oil-markets-global-crude-supply-demand-outlook-in-focus.html

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