Oil Futures End Lower On Renewed Glut Fears

By MarketWatchMarketsMarketWatch Pulse

Oil futures fell for a third straight session Tuesday, pressured by renewed fears of a supply glut triggered in part by reports that production by members of the Organization of the Petroleum Exporting Countries rose in April. West Texas Intermediate crude for June delivery on the New York Mercantile Exchange fell $1.13, or 2.5%, to settle at $43.65 a barrel.

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