Published on 10-01-2015 07:38 AM
On Wednesday, WTI oil prices declined by 0.3 percent to close at $45.1 per barrel after data showing a surge in domestic inventories while Brent oil rose on worries about Russian airstrikes in Syria. For the quarter, both Brent and U.S. crude were down 24 percent for their sharpest decline since the end of 2014.
Oil prices were broadly boosted in early trade by concern about a hurricane threatening energy infrastructure on the U.S. East Coast. Warplanes from Russia carried out air strikes against Islamic State targets in Syria, feeding worries about growing war in the Middle East.