Down $0.72 or -1.77%

The price of the November WTI crude oil futures contract is settling at $39.95. That is down $0.72 or -1.77%.

The high price for the day reached $40.35. The low price extended to $39.28.

Inventory data was mixed with crude inventories up 0.5M barrels vs. -1.2M estimate. The gasoline inventories showed a large drop of -1.435M vs a expected drawdown of -0.5M.  Distillates came in near expectations at -0.962M vs expectations of -1.1M. 

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