Oil Futures Settle Lower For a Fifth-straight Session

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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