Oil Futures Lose Nearly 4% To Settle At a 2-week Low

By Markets MarketWatch Pulse

Oil futures dropped Tuesday, losing nearly 4% to settle at their lowest level in about two weeks. Some traders remained skeptical that the Organization of the Petroleum Exporting Countries will finalize a deal to curb production at its meeting in Vienna Wednesday. January West Texas Intermediate crude fell 1.85, or 3.9%, to settle at $45.23 a barrel on the New York Mercantile Exchange. The settlement was the lowest since Nov. 14, according to FactSet data.

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