# Gasbuddy: Oil Prices Have Stalled

> GasBuddy's Dan McTeague told the Washington Ag Network that oil prices have fallen about 10% since April 11 and appear to have stalled. He expects crude to stay below $50 a barrel for WTI and Brent, and he does not expect OPEC's recent moves to have much impact. Diesel averages in Washington and Oregon held steady or moved slightly in the past week.

- Date: 2017-05-02 · published 2017-05-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10015-gasbuddy-oil-prices-have-stalled
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A stall in crude prices after a sharp drop suggests limited near-term downside for diesel and freight costs. Feed buyers should expect fuel costs to remain near current levels rather than falling further.

## Read by commodity

- WTI: neutral
- BRENT: neutral
- DIESEL: neutral

## Sources

- pnwag.net: https://pnwag.net/gasbuddy-oil-prices-stalled/

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