Oil Futures Take a Break From a Recent Rally

By Myra P. Saefong Markets MarketWatch Pulse

Oil futures settled lower Thursday as traders took time out to weigh the bigger influences in the market. China's monthly crude imports jumped in March and weekly U.S. crude output fell a sixth straight week, but producers failed to reach a deal to cap output and U.S. stockpiles rose last week. June WTI crude fell $1, or 2.3%, to settle at $43.18 a barrel on the New York Mercantile Exchange.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.