Nymex Oil Futures Close At Lowest Level In More Than 4 Months

By MarketWatchMarketWatch Pulse

West Texas Intermediate crude oil for September delivery on Nymex fell 59 cents, or 1.3%, to end at $45.15 a barrel on Wednesday, the lowest settlement for a most-active contract since March. Oil futures gave up early gains. A fall in weekly U.S. crude inventories was offset by a rise in supplies of gasoline and other products, while a stronger dollar also weighed on the market.

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below