Oil Futures Settle Lower For a Fifth-straight Session

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures fell on Wednesday as economic uncertainty raised concerns over energy demand ahead of the U.K. referendum next week. Prices failed to get much of a boost from a weekly decline in U.S. crude supplies and the Federal Reserve’s decision to stand pat on interest rates. July WTI crude settled at $48.01 a barrel on the New York Mercantile Exchange, down 48 cents, or 1%, for the session.

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