: Oil prices end lower on rise in U.S. crude supplies, worries over Chinese demand
Oil futures ended lower on Wednesday, logging a third straight session decline, with prices pressured by a weekly climb in U.S. crude supplies and ongoing concerns over the impact of China’s zero COVID policy on that country’s demand for oil. U.S. benchmark West Texas Intermediate crude for December delivery CLZ22 fell $3.08, or 3.5%, to settle at $85.83 a barrel on the New York Mercantile Exchange, the lowest front-month finish since Oct. 25, FactSet data show.
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