# Diesel, Crude Prices Ascend to 2016 Peaks at Year’s End - TT

> US retail diesel rose 1.3 cents to $2.54 per gallon, its highest level of 2016, while crude climbed past $53 a barrel. The move reflected growing expectations that OPEC and non-OPEC producers would cut output in 2017.

- Date: 2017-01-02 · published 2017-01-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73148-diesel-crude-prices-ascend-to-2016-peaks-at-year-s-end-tt
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher diesel and crude costs raise transport and processing expenses, and the OPEC production cut expectations point to firmer energy prices into 2017.

## Read by commodity

- WTI: bullish ▲
- DIESEL: bullish ▲

## Sources

- ttnews.com: https://www.ttnews.com/articles/diesel-crude-prices-ascend-2016-peaks-years-end

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