# Oil prices fall toward $45 a barrel, dropping to a five-month low

> 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.

- Date: 2017-05-04 · published 2017-05-04T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11189-oil-prices-fall-toward-45-a-barrel-dropping-to-a-five-month-low
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

OPEC signaling no deeper cuts leaves a large surplus unresolved, keeping crude and energy-linked input costs under downward pressure.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2017/05/03/oil-eases-near-weakest-since-late-march-on-small-u-s-stocks-decline.html

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