# OPEC cut unlikely to move U.S. diesel prices - FreightWaves

> OPEC and non-OPEC producers agreed to extend output cuts by nine months, which oil traders had partly expected. Crude fell below $50 as traders had hoped for deeper or longer cuts. The article argues the decision will have little effect on US diesel pump prices.

- Date: 2017-05-26 · published 2017-05-26T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/71182-opec-cut-unlikely-to-move-u-s-diesel-prices-freightwaves
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

The extension supports crude over time, but the market's reaction shows doubts about the deal, and US shale output limits the effect on diesel.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2024-10-07 | [Diesel benchmark up a few cents; futures prices soar on Mideast concerns - FreightWaves](https://feedsoft.ai/events/11682-diesel-benchmark-up-a-few-cents-futures-prices-soar-on-mideast-concerns.md) | +1.6% | -6.7% |
| WTI | 2024-04-08 | [Benchmark diesel price heads higher; so do world oil markets - FreightWaves](https://feedsoft.ai/events/30915-benchmark-diesel-price-heads-higher-so-do-world-oil-markets-freightwaves.md) | -1.4% | -9.5% |
| WTI | 2020-05-01 | [OPEC+ Moves To End Price War With 9.7 Million B/D Cut](https://feedsoft.ai/events/53032-opec-moves-to-end-price-war-with-9-7-million-b-d-cut.md) | +23.8% | +86.1% |
| WTI | 2019-09-15 | [Oil prices likely to surge at Sunday's opening after a "different" type of Saudi Arabia disruption - FreightWaves](https://feedsoft.ai/events/5990-oil-prices-likely-to-surge-at-sunday-s-opening-after-a-different-type-of-saudi.md) | +5.8% | -0.1% |
| WTI | 2026-02-24 | [For 7th straight week, benchmark diesel price is higher - FreightWaves](https://feedsoft.ai/events/20775-for-7th-straight-week-benchmark-diesel-price-is-higher-freightwaves.md) | +7.3% | +34.0% |
| BRENT | 2024-10-07 | [Diesel benchmark up a few cents; futures prices soar on Mideast concerns - FreightWaves](https://feedsoft.ai/events/11682-diesel-benchmark-up-a-few-cents-futures-prices-soar-on-mideast-concerns.md) | +1.2% | -6.8% |
| BRENT | 2024-04-08 | [Benchmark diesel price heads higher; so do world oil markets - FreightWaves](https://feedsoft.ai/events/30915-benchmark-diesel-price-heads-higher-so-do-world-oil-markets-freightwaves.md) | -0.2% | -9.5% |
| BRENT | 2020-05-01 | [OPEC+ Moves To End Price War With 9.7 Million B/D Cut](https://feedsoft.ai/events/53032-opec-moves-to-end-price-war-with-9-7-million-b-d-cut.md) | +24.9% | +62.4% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/diesel-prices-remain-steady

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