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Oil prices tumbled after WTI fell 5 percent on Wednesday, dropping below $50 on higher-than-expected stockpiles and domestic output. Analysts said refinery operations and overseas output cuts could still keep retail gasoline prices high in coming months.
Falling crude does not necessarily translate into lower refined fuel prices, so diesel and transport costs may stay firmer than the crude move implies.
nbcnews.comMartha C. WhiteMar 9, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
