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Crude oil futures settle lower on Friday

20 Sep 2025 Evaluate

Crude oil futures settled lower on Friday amid concerns over slowing US economy weighed on crude oil prices. The US Federal Reserve hinted a slowdown in the US economy. Further, core inflation is not projected to reach the Fed's 2% target until 2028, signalling possible risk of stagflation in US economy.

Benchmark crude oil futures for October declined $0.85 or 1.34% at $62.72 a barrel on the New York Mercantile Exchange. Brent crude for November delivery decreased $0.76 or 1.13% to settle at $66.68 a barrel on London's Intercontinental Exchange.