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US WTI crude fell 4.8% to $45.52 a barrel, its worst close in over five months, while Brent dropped about 5% to $48.26. Investor worries about a persistent global glut and OPEC delegates downplaying a deeper output cut drove the slide.
OPEC signaling no deeper cuts leaves a large surplus unresolved, keeping crude and energy-linked input costs under downward pressure.
cnbc.comReutersMay 4, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
