Oil Futures End Lower After Two-session Climb

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures settled lower on Monday, with the flow of oil through a key port reportedly undisturbed by the failed coup attempt in Turkey. Traders have also been concerned about a slowdown in crude production declines and the increasing number of active oil-drilling rigs in the U.S. August WTI crude fell by 71 cents, or 1.6%, to settle at $45.24 a barrel on the New York Mercantile Exchange.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below