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Crude oil futures end lower on Wednesday
May-15-2025

Crude oil futures closed lower on Wednesday amid rise in US crude inventories. The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.287 million barrels in the week ending May 9 while street had expected a 2.4-million-barrel draw. Besides, weaker dollar and some concerns on the supply side after the U.S. Treasury Department imposed sanctions on more than 20 companies in a network that it said has long sent Iranian oil to China, also weighed on crude prices. 

Benchmark crude oil futures for Jun decreased $0.52 about 0.82% at $63.15 a barrel on the New York Mercantile Exchange. Brent crude for Jul delivery declined $0.54 or 0.81% to settle at $66.09 a barrel on London's Intercontinental Exchange.

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