# Oil prices edge up off three-month lows, but demand concerns persist

> Oil prices edged up from near three-month lows reached on Tuesday, but demand concerns persisted. Prices had fallen during the week after Saudi Aramco cut its October official selling prices for Arab Light crude, a sign of softening demand.

- Date: 2020-09-09 · published 2020-09-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9466-oil-prices-edge-up-off-three-month-lows-but-demand-concerns-persist
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Aramco's OSP cut signals weak Asian crude demand, so the small rebound leaves energy costs near multi-month lows and offers little support for biofuel-linked feed demand. Price direction remains soft.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Sources

- reuters.com: https://www.reuters.com/article/idUKKBN2600DM/

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