Oil Futures End Lower After Three Session Climb

By Markets MarketWatch Pulse

Oil futures settled lower Wednesday, putting an end to a streak of gains that spanned three sessions, after data revealed that U.S. crude supplies rose by a much-bigger-than-expected 6.6 million barrels for the week ended April 8. Prices, however, finished above the session's lows, finding support from a decline in U.S. oil production and strong demand for gasoline. May WTI crude fell 41 cents, or 1%, to settle at $41.76 a barrel on the New York Mercantile Exchange.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.