# What’s Behind The Crash In Crude? | OilPrice.com

> Oil prices fell to new one-year lows on Tuesday, with WTI dropping below $47 and Brent near $56. Rising crude inventories at Cushing and expected U.S. shale output growth, including a monthly rise of 134,000 bpd per the EIA, weighed on prices. A broader selloff in financial markets amplified the decline.

- Date: 2018-12-19 · published 2018-12-19T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/8521-what-s-behind-the-crash-in-crude-oilprice-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising U.S. inventories and production growth point to continued crude oversupply, lowering energy costs for feed production and transport. Analysts also expect shale drillers to face financial strain, which could eventually slow output and support prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2018-12-20 | 5 | -10.5% | -3.0 | Rising Cushing inventories, expected shale growth and broader financial selloff weighed on prices during the window. |
| BRENT | 2018-12-24 | 5 | -12.6% | -3.8 | Rising Cushing inventories, expected shale growth and a broad financial selloff amplified the decline. |

## Sources

- oilprice.com: https://oilprice.com/Energy/Oil-Prices/Whats-Behind-The-Crash-In-Crude.html

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