Nymex Oil Futures Close At Lowest Level Since March 2009

By William L. WattsMarketWatch Pulse

The U.S. crude-oil benchmark settled at its lowest price in more than six years Thursday, pressured by global supply worries and a stronger U.S. dollar. West Texas Intermediate crude-oil futures for September delivery dropped $1.07, or 2.5%, to end at $42.23 a barrel, the lowest finish for a most-active futures contract since March 2009.

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