Read Time:35 Second
Oil futures fell sharply on Tuesday, with U.S. benchmark crude prices back below $100 a barrel and settling at their lowest since April. “Barring a major supply disruption, oil looks like it is going to trade sub-$100 for a while until the crude demand outlook improves,” said Edward Moya, senior market analyst at OANDA. West Texas Intermediate crude for August delivery fell $8.25, or 7.9%, to settle at $95.84 a barrel on the New York Mercantile Exchange, the lowest front-month contract finish since April, 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
