Oil Futures Finish With First Loss In Three Sessions

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures fell Thursday to mark the first loss in three sessions as traders continued to weigh progress with global crude production cuts against concerns over the potential for a sizable increase in U.S. output. March West Texas Intermediate crude fell 34 cents, or 0.6%, to settle at $53.54 a barrel on the New York Mercantile Exchange, after gaining 2% on Wednesday.

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