# Oil falls, U.S. crude dips below $50 on oversupply fears

> Oil prices fell more than 2% on Monday as U.S. crude dropped below $50 a barrel. Cushing, Oklahoma inventories rose by more than 1 million barrels from Dec. 11 to 14, according to Genscape data cited by traders. Investor concern over global economic growth and fuel demand added to the selling.

- Date: 2018-12-17 · published 2018-12-17T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/8515-oil-falls-u-s-crude-dips-below-50-on-oversupply-fears
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A build in U.S. storage signals oversupply, which pressures crude and lowers energy input costs for feed producers. Lower crude also weakens the economics of biofuel feedstocks such as soybean oil and corn.

## Read by commodity

- WTI: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-global-oil/oil-falls-us-crude-dips-below-50-on-oversupply-fears-idUSKBN1OG01L/

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