# Oil Trades Below $57 After IEA Says OPEC May Not See Happy 2018 - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Oil traded below $57 a barrel after the International Energy Agency said OPEC-led production cuts may falter in 2018 as US shale and other rivals grow faster than demand. US output reached its highest level in more than three decades, according to EIA data.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67642-oil-trades-below-57-after-iea-says-opec-may-not-see-happy-2018-energy-news-top
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A forecast of rising non-OPEC supply weighs on crude prices and reduces the likelihood of a sustained energy-price rally. Lower energy prices can dampen biofuel demand and feed input costs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-09-12 | [Oil Slips as OPEC Seen Facing Tough Test to Balance Market - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57249-oil-slips-as-opec-seen-facing-tough-test-to-balance-market-energy-news-top.md) | +4.4% | -5.5% |
| WTI | 2020-10-17 | [OPEC+ fears second virus wave could lead to oil surplus in 2021 - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/50553-opec-fears-second-virus-wave-could-lead-to-oil-surplus-in-2021-energy-news-top.md) | -2.4% | -1.9% |
| WTI | 2018-01-01 | [U.S. crude stocks rise as gasoline falls: EIA - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/67154-u-s-crude-stocks-rise-as-gasoline-falls-eia-energy-news-top-headlines.md) | +2.1% | +6.9% |
| WTI | 2025-10-01 | [World oil market to see higher surplus after OPEC+ hike, IEA says](https://feedsoft.ai/events/22773-world-oil-market-to-see-higher-surplus-after-opec-hike-iea-says.md) | -1.0% | -3.5% |
| WTI | 2018-04-26 | [Citi Says U.S. May Become World's Top Oil Exporter Next Year - Bloomberg](https://feedsoft.ai/events/65668-citi-says-u-s-may-become-world-s-top-oil-exporter-next-year-bloomberg.md) | -0.1% | +5.6% |
| BRENT | 2019-09-12 | [Oil Slips as OPEC Seen Facing Tough Test to Balance Market - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57249-oil-slips-as-opec-seen-facing-tough-test-to-balance-market-energy-news-top.md) | +3.3% | -4.7% |
| BRENT | 2020-10-17 | [OPEC+ fears second virus wave could lead to oil surplus in 2021 - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/50553-opec-fears-second-virus-wave-could-lead-to-oil-surplus-in-2021-energy-news-top.md) | -2.1% | +0.0% |
| BRENT | 2025-10-01 | [World oil market to see higher surplus after OPEC+ hike, IEA says](https://feedsoft.ai/events/22773-world-oil-market-to-see-higher-surplus-after-opec-hike-iea-says.md) | -2.2% | -5.2% |

## Sources

- energynow.com: https://energynow.com/2017/12/oil-trades-57-iea-says-opec-may-not-see-happy-2018/

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