# US crude falls short of 2017 high as 'cruel' month for market begins

> U.S. crude prices fell short of their 2017 high on Wednesday and then dropped after a government report showed smaller stockpile declines than industry data had indicated. The report also showed U.S. oil exports at an all-time high and production near record levels. WTI settled at $54.30, and Brent fell 45 cents.

- Date: 2017-11-02 · published 2017-11-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68169-us-crude-falls-short-of-2017-high-as-cruel-month-for-market-begins
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Record U.S. exports and output add supply pressure and push prices lower after a sharp rally. Profit-taking at elevated levels could limit near-term gains.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2017/11/02/us-crude-falls-short-of-2017-high-as-cruel-month-for-market-begins.html

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