Read Time:33 Second
Oil futures fell for a second consecutive session on Thursday, with U.S. prices marking their lowest settlement in more than six weeks. Oil has declined on “concern that slowing economic activity will prompt a falloff in demand,” said Michael Hewson, chief market analyst at CMC Markets UK. West Texas Intermediate crude for August delivery fell $1.92, or 1.8%, to settle at $104.27 a barrel on the New York Mercantile Exchange, the lowest front-month contract finish since May 10, FactSet data show.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
