# Crude oil prices to be under pressure in first half of 2018: S&P

> S&P Global Ratings expects crude oil prices to remain range-bound in the first half of 2018, supported by OPEC cuts and limited by US shale growth. WTI was about $57.69 and Brent about $63.20 on the day the outlook was reported.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/67647-crude-oil-prices-to-be-under-pressure-in-first-half-of-2018-s-and-p
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A range-bound outlook suggests limited upside for crude, which keeps energy input costs for feed producers relatively steady. The forecast depends on how US shale responds to OPEC's decision.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-04-18 | [Why boom-bust oil prices may be here to stay](https://feedsoft.ai/events/71676-why-boom-bust-oil-prices-may-be-here-to-stay.md) | -6.9% | -7.2% |
| WTI | 2024-12-31 | [Baht, oil prices expected to face volatility in 2025: NESDC](https://feedsoft.ai/events/27244-baht-oil-prices-expected-to-face-volatility-in-2025-nesdc.md) | +4.6% | +1.9% |
| WTI | 2026-07-29 | [ING Says Dollar to Take Cue from Oil Prices If Fed Holds Rate \| Financial Post](https://feedsoft.ai/events/18262-ing-says-dollar-to-take-cue-from-oil-prices-if-fed-holds-rate-financial-post.md) | -4.4% | +3.8% |
| WTI | 2023-06-20 | [TODAY IN ENERGY: U.S. diesel prices have fallen below prices from before Russia’s invasion of Ukraine](https://feedsoft.ai/events/35679-today-in-energy-u-s-diesel-prices-have-fallen-below-prices-from-before-russia-s.md) | -3.6% | +5.5% |
| WTI | 2020-07-30 | [Analysis: First Chinese gas contracts linked to international LNG prices signal oil-gas decoupling continues \| S&P Global](https://feedsoft.ai/events/52294-analysis-first-chinese-gas-contracts-linked-to-international-lng-prices-signal.md) | +2.6% | +5.1% |
| BRENT | 2024-12-31 | [Baht, oil prices expected to face volatility in 2025: NESDC](https://feedsoft.ai/events/27244-baht-oil-prices-expected-to-face-volatility-in-2025-nesdc.md) | +4.2% | +4.6% |
| BRENT | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | +0.6% | +10.4% |
| BRENT | 2025-02-25 | [Bank of America Predicts Brent crude to Average $75/bbl in 2025 - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/26236-bank-of-america-predicts-brent-crude-to-average-75-bbl-in-2025-energy-news-top.md) | -3.5% | -1.8% |

## Sources

- business-standard.com: https://www.business-standard.com/article/international/crude-oil-prices-will-be-under-pressure-in-h1-of-2018-despite-steady-demand-117120100774_1.html

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