Oil futures ended Wednesday at their lowest level in more than a week, with traders betting that U.S. inventories will soon begin to climb as refineries shutdown for seasonal maintenance.November West Texas Intermediate crude CLX5, +0.81% settled at $44.48 a barrel, down $1.88, or 4.1% on the New York Mercantile Exchange after earlier tapping a high above $47. Prices settled at their lowest level since Sept. 14.
November Brent crude LCOX5, +0.65% on the ICE Futures exchange settled down $1.33, or 2.7%, to $47.75 a barrel.
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