COMMODITY
Crude oil futures end lower on Wednesday
Oct-22-2026

Crude oil futures closed lower on Wednesday as signs of improving shipping activity through the Strait of Hormuz eased some supply concerns. Meanwhile, traders closely assessed developments surrounding a US-Iran peace proposal reportedly backed by Pakistan and Qatar.

Benchmark crude oil futures for December delivery decreased by $0.67 or 0.68% to settle at $97.15 a barrel on the New York Mercantile Exchange. Brent crude for December delivery increased by $0.03 or 0.03% to settle at $108.82 a barrel on the New York Mercantile Exchange.


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