Oil Futures Fall For Second Session As Investors Await OPEC Decision

By Sue Chang Markets MarketWatch Pulse

Oil futures finished lower for a second session on Tuesday as investors awaited details from an OPEC meeting to discuss an agreement to limit crude oil production. Crude prices got a brief lift earlier on reports that Saudi Arabia is expected to cut sales of oil supplies to Asia by up to 10% next month but lingering worries over excess supply offset any positive impact. On the New York Mercantile Exchange, West Texas Intermediate for delivery in September shed 22 cents, or 0.5%, to settle at $49.17.

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