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Investor Alert

Jan. 21, 2021, 2:38 p.m. EST

U.S. oil futures finish lower ahead of Friday's EIA data on crude supplies

U.S. oil futures finished lower on Thursday as traders awaited weekly data from the Energy Information Administration, which was delayed to Friday due to the Martin Luther King, Jr. holiday early this week and Wednesday's U.S. presidential inauguration. On average, the EIA is expected to report a decline of 2.5 million barrels in U.S. crude supplies for the week ended Jan. 15. The American Petroleum Institute reported late Wednesday had reported a weekly increase of 2.6 million barrels. March West Texas Intermediate crude fell 18 cents, or 0.3%, to settle at $53.13 a barrel on the New York Mercantile Exchange.

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