Oil Futures End At Two-week Low On Nymex

By Markets MarketWatch Pulse

Oil futures settled with a loss Tuesday, at their lowest level since mid-August, pressured by the strength in the U.S. dollar and fading expectations for a crude production-freeze agreement at a meeting of the Organization of the Petroleum Exporting Countries next month. Analysts polled by S&P Global Platts expect a report from the Energy Information Administration due Wednesday to reveal a weekly increase of 600,000 barrels in crude inventories. October WTI crude fell 63 cents, or 1.3%, to settle at $46.35 a barrel on the New York Mercantile Exchange, the lowest finish since Aug. 15, according to FactSet data.

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