Oil Futures Settle With a Gain Of 7.5% For The Month

By Markets MarketWatch Pulse

Oil futures fell to their lowest settlement in nearly three weeks on Wednesday after weekly data showed that U.S. supplies of crude oil rose more than expected for the week ended Aug. 26. Prices, however, managed to hold onto a 7.5% gain for the month. October WTI crude dropped $1.65, or 3.6%, to settle at $44.70 a barrel for the session on the New York Mercantile Exchange, the lowest finish since Aug. 12, according to FactSet data.

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