Oil Futures Mark Lowest Settlement In Nearly Two Weeks

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.