COMMODITY
Crude oil futures end lower on Wednesday
Oct-17-2024

Crude oil futures end lower on Wednesday on concerns about weak demand from China and slightly easing geopolitical worries. Worries about supply disruptions eased a bit after Israel told U.S. that it will not strike at Iran's oil and nuclear facilities. Meanwhile, investors also await concrete details on Chinese stimulus plans. China's housing minister on Thursday will likely provide more details of measures to promote the 'steady and healthy' development of the property sector.

Benchmark crude oil futures for November delivery fell $0.19 or about 0.26 percent to settle at $70.39 a barrel on the New York Mercantile Exchange. Brent crude for December delivery lost by $0.03 or about 0.04 percent to settle at $74.22 a barrel on London's Intercontinental Exchange.


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