COMMODITY
Crude oil futures settle lower amid rise in US crude inventory
Oct-17-2025

Crude oil futures settled lower on Thursday after the Energy Information Administration’s (EIA) report showed that crude oil inventories in the U.S. increased much more than expected, sparking demand concerns. Data released by the U.S. EIA revealed that for the week ending October 10, crude oil inventories rose by 3.524 million barrels. Meanwhile, street had expected crude oil inventories to inch up by 0.1 million barrels. For the same period, gasoline inventories declined by 267,000 barrels, distillate inventories decreased to 4529,000 barrels, and heating oil inventories fell by 519,000 barrels. 

Benchmark crude oil futures for November declined $0.81 or 1.39% at $57.46 a barrel on the New York Mercantile Exchange. Brent crude for December delivery decreased $0.85 or 1.37% to settle at $61.06 a barrel on London's Intercontinental Exchange.

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