WTI crude futures extended losses, falling below $85 per barrel on Wednesday, touching the lowest level since September 1st after the EIA latest report indicated weakening demand for gasoline and following the news that Russia may lift its diesel ban in coming days. Meanwhile, OPEC+ made no changes to the group’s oil output policy, following Saudi Arabia and Russia’s decision to extend voluntary supply cuts until the end of the year. In the US, EIA data showed crude stocks fell by 2.224 million barrels to 414.1 million barrels last week, but stocks at Cushing, Oklahoma rose for the first time in eight weeks. Gasoline stocks rose by 6.481 million barrels, compared with expectations of a 161,000-barrel rise.
