Oil Futures Extend Slide To Finish At Lowest Level Since March

By MarketWatch Pulse

Oil futures extended their slump Thursday, with the U.S. benchmark settling below $45 a barrel for the first time since March. Nymex WTI futures for September delivery lost 49 cents to end at $44.66 a barrel, pressured by a worldwide supply glut and concerns about global economic growth. Gasoline futures also declined, with the September contract on Nymex falling around 2 cents to $1.65 a gallon, the lowest close since February.

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