Oil drops below $45 for first time since OPEC deal

Posted online May 5, 2017 | 11:18 am

For the first time since a landmark OPEC deal in November, U.S. crude oil prices dropped below $45 per barrel.

The OPEC agreement was designed to prop up oil prices and end the industry's glut.

However, after initially increasing from the deal, prices dipped into a spiral in mid-April that worsened this week.

Read more from CNNMoney.

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