# Oil Drops, Diesel Average Slips to $2.564 - TT

> The US average retail diesel price fell 1.5 cents to $2.564 a gallon on March 13, its first decline after three weekly increases. WTI crude closed at $48.40 a barrel, down from $53.20 a week earlier, as OPEC-led production cuts were offset by rising US shale output and rig counts.

- Date: 2017-03-13 · published 2017-03-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72181-oil-drops-diesel-average-slips-to-2-564-tt
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower crude and diesel costs reduce farm and freight fuel expenses, which eases pressure on feed production and delivery costs. Continued rig growth signals that the OPEC cuts may not hold crude prices up.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Sources

- ttnews.com: https://www.ttnews.com/articles/oil-drops-diesel-average-slips-2564

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