Oil Futures Settle At Lowest In Six Years

MarketWatch Pulse

Oil futures fell on Monday to settle at their lowest level since March 2009 as traders continued to fret over a growing glut of oil supplies in the U.S. The Organization of the Petroleum Exporting Countries said in a monthly report that it expects oil production to fall later this year, but the news failed to provide support to oil prices. April crude fell 96 cents, or 2.1%, to settle at $43.88 a barrel on the New York Mercantile Exchange.

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