Oil Futures End At 1-month Low After a Price-settlement Delay

By Myra P. Saefong Markets MarketWatch Pulse

Oil prices dropped Wednesday to finish at their lowest level in about a month after the Energy Information Administration reported a surprise increase in last week's U.S. crude supplies, along with sizable gains in stockpiles of gasoline and distillates. The settlement for futures prices had been delayed. "We experienced a technical issue that delayed dissemination of Nymex WTI and heating oil settlement prices," a CME Group spokesman told MarketWatch. July WTI crude lost $2.47, or 5.1%, to settle at $45.72 a barrel on the New York Mercantile Exchange. That was the lowest settlement since May 4, according to FactSet data.

Continue Reading Below

Copyright © 2017 MarketWatch, Inc.