Crude oil futures ended lower on Thursday after data showed a sharp jump in U.S. crude inventories in the week ended October 6th. Data from the Energy Information Administration (EIA) showed crude inventory in the US rose by 10.176 million barrels in the week to October 6th, the largest weekly rise since mid-February. However, oil prices pared early gains as the dollar rose after hot consumer price inflation report suggested the Fed might not be done raising rates.
Benchmark crude oil futures for November delivery fell $0.58 or about 0.7 percent to settle at $82.91 a barrel on the New York Mercantile Exchange. However, Brent crude for December delivery added $0.18 or about 0.2 percent to settle at $86 a barrel on London's Intercontinental Exchange.