The Miami Entrepreneur

Oil futures end lower after three consecutive session gains

Oil futures ended lower on Wednesday, pulling back after posting three consecutive gains, ahead of a meeting of key oil producers Thursday. The Organization of the Petroleum Exporting Countries and their allies, together known as OPEC+, are expected to confirm an existing agreement to boost production in August. The loss in oil prices came despite data from the Energy Information Administration which revealed declines in U.S. crude inventories in each of the past two weeks. West Texas Intermediate crude for August delivery fell $1.98, or 1.8%, to settle at $109.78 a barrel on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Previous post Dow clings to gain as stocks post mixed finish
Next post JPMorgan now sees ‘reasonable’ risk U.S. and/or global economy ‘slips into recession’ in 2022