Oil Futures Mark Lowest Settlement In Nearly Two Weeks

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures settled lower Wednesday at their lowest level in nearly two weeks. Data from the Energy Information Administration had revealed a surprise weekly decline in U.S. crude stockpiles. The same report also showed that total domestic weekly crude production climbed. October WTI crude fell $1.32, or 2.9%, to settle at $43.58 a barrel on the New York Mercantile Exchange. That's the lowest settlement since Sept. 1, according to FactSet data.

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