# Oil price falls below $45 for first time in 2017

> Brent crude fell to $44.51 on June 21, its lowest level of 2017 and down more than 20% from the January high. The decline followed larger-than-expected US crude and gasoline inventories and output increases in Libya and Nigeria.

- Date: 2017-07-01 · published 2017-07-01T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70675-oil-price-falls-below-45-for-first-time-in-2017
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Sub-$45 crude signals a weaker energy complex and lower diesel and fertilizer costs, though it also raises concerns about broader market growth.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- DIESEL: bearish ▼

## Sources

- news.sky.com: https://news.sky.com/story/oil-price-falls-below-45-for-first-time-in-2017-10922673

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