Oil Settles Under $45 a Barrel For a Second-straight Session

By Myra P. Saefong Markets MarketWatch Pulse

Oil prices settled under $45 a barrel Thursday for a second-straight session. Prices held ground at their lowest finish since mid-November, pressured by concerns surrounding strength in U.S. production and weak domestic gasoline demand in the midst of summer driving season. July WTI crude lost 27 cents, or 0.6%, to settle $44.46 a barrel on the New York Mercantile Exchange, the lowest finish since Nov. 14, according to FactSet data.

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