Published February 11, 2015 2:40pm EST | Updated May 21, 2015 1:29pm EDT

Oil Ends Below $50, Down a Second Straight Session

Oil futures settled lower on Wednesday after a weekly U.S. report showed a bigger-than-expected increase in crude inventories. March crude fell $1.18, or 2.4%, to settle at $48.84 a barrel on the New York Mercantile Exchange.