---
title: "U.S. crude oil closed down about 1.4%, hitting a new closing low since early May"
description: "U.S. crude oil prices fell by about 1.4%, hitting a closing low not seen since early May. WTI November crude futures closed down $0.81 at $57.46 per barrel, close to the closing price of $56.94 on May"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/261495309.md"
published_at: "2025-10-16T18:41:01.000Z"
---

# U.S. crude oil closed down about 1.4%, hitting a new closing low since early May

> U.S. crude oil prices fell by about 1.4%, hitting a closing low not seen since early May. WTI November crude futures closed down $0.81 at $57.46 per barrel, close to the closing price of $56.94 on May 7 and $56.28 on May 5. NYMEX November natural gas futures settled at $2.9380 per million British thermal units, gasoline futures settled at $1.8117 per gallon, and heating oil futures settled at $2.1535 per gallon

WTI November crude oil futures closed down $0.81, a decrease of 1.39%, at $57.46 per barrel, approaching the closing price of $56.94 on May 7, $56.28 on May 5, and the intraday low of $54.16 on April 9.

NYMEX November natural gas futures closed at $2.9380 per million British thermal units.

NYMEX November gasoline futures closed at $1.8117 per gallon, and NYMEX November heating oil futures closed at $2.1535 per gallon

### Related Stocks

- [KOLD.US - Proshares Ultrashort Bbg Natural Gas ETF](https://longbridge.com/en/quote/KOLD.US.md)
- [BOIL.US - Pro Ultr Natural Gas](https://longbridge.com/en/quote/BOIL.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| US Total Crude Oil Stocks Fall in Week Ended Feb. 13 | US Total Crude Oil Stocks Fall in Week Ended Feb. 13 | [Link](https://longbridge.com/en/news/276362937.md) |
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| Analysts See Increase in U.S. Crude Oil Stockpiles | U.S. crude oil inventories are expected to rise by 1.1 million barrels to 429.9 million barrels, marking a second consec | [Link](https://longbridge.com/en/news/276259618.md) |
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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.