Oil Futures End Lower as Demand Concerns Weigh: Report

By Midnight Trader,  October 10, 2012, 03:07:34 PM EDT

Oil futures closed 1.2% lower Wednesday, giving back part of the more than 3% gain they saw in the previous session, MarketWatch reported.

Prices were weighed down by concerns over global demand ahead of data that are expected to show a climb in last week's U.S. crude supplies. November crude fell $1.14 to $91.25 a barrel on the New York Mercantile Exchange.

The American Petroleum Institute will issue its supply data later Wednesday, a day late due to Monday's holiday, while the Energy Information Administration will issue its report Thursday.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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