U.S. oil futures mark first loss in 6 sessions

Published: Oct. 21, 2021 at 2:49 p.m. ET

By

Myra P. Saefong

Oil futures settled lower on Thursday, with U.S. prices down for the first time in six sessions, a day after the front-month contract settled at the highest since October 2014. Prices got a boost Wednesday as the Energy Information Administration reported a weekly decline in U.S. crude inventories --- the first in four weeks. On its first full trading day as a front-month contract, West Texas Intermediate crude for December delivery CLZ21, -0.99% fell 92 cents, or 1.1%, to settle at $82.50 a barrel on the New York Mercantile Exchange.

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Myra P. Saefong

Myra P. Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch for 20 years. She has spent the bulk of her years at the company writing the daily Futures Movers and Metals Stocks columns and has been writing the weekly Commodities Corner column since 2005.