Crude oil futures ended lower on Friday amid uncertainty about the outlook for demand after recent data showed a jump in crude inventories in the U.S. The International Energy Agency's forecast that oil demand in 2024 will likely drop to 0.96 million barrels per day, down 0.1 million bpd from the earlier estimate, hurt a bit as well.
Benchmark crude oil futures for July delivery fell by $0.17 or 0.22% to settle at $78.45 a barrel on the New York Mercantile Exchange. Brent crude for August delivery was down $0.13 or about 0.16% to $82.62 per barrel on London's Intercontinental Exchange.