Save for later Print Download Share LinkedIn Twitter China’s emergency crude stock release spooked oil markets. International benchmark Brent shed almost $2 per barrel in intra-day trade Thursday to end the week down $1.58/bbl at $71.45/bbl. US price-pin West Texas Intermediate lost $1.85/bbl over the week to close at $68.14/bbl with a sharp drop in US domestic inventories failing to offer any support to prices. US crude and product stocks all fell sharply last week after Hurricane Ida shuttered Gulf of Mexico production and Gulf Coast refining. The muted market response has been partly blamed on the end of the summer driving season and an expected fall in mainstay US gasoline demand.