# Diesel Drops 3.5¢ to $2.489; Oil Tumbles to $43 a Barrel - TT

> The U.S. average retail diesel price dropped 3.5 cents to $2.489 per gallon, its third straight weekly decline. WTI crude closed at $43.23 per barrel on June 20, down from $50.73 a month earlier, and entered a bear market amid a persistent crude glut.

- Date: 2017-06-21 · published 2017-06-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70697-diesel-drops-3-5-to-2-489-oil-tumbles-to-43-a-barrel-tt
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

A crude glut pushing WTI to multi-month lows lowers diesel and fuel costs for feed logistics and farm operations, with limited upside near term.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- ttnews.com: https://www.ttnews.com/articles/diesel-drops-35c-2489-oil-tumbles-43-barrel

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