Oil Futures Settle Under $43 a Barrel

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures settled under $43 a barrel on Tuesday, holding ground at their lowest level in three months, as traders continued to fret over the prospects for slowdowns in demand growth and production declines. September WTI crude fell by 21 cents, or 0.5%, to settle at $42.92 a barrel on the New York Mercantile Exchange. That was the lowest settlement for a most-active contract since April 25, according to FactSet data.

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