Published May 13, 2015 2:36pm EDT | Updated May 21, 2015 1:33pm EDT

Oil Settles With a Loss On Concerns Over Global Supply Glut

Oil futures settled lower on Wednesday as concerns over a global glut of crude supplies offset earlier support from a bigger-than-expected weekly decline in U.S. crude inventories. June crude fell 25 cents, or 0.4%, to settle at $60.50 a barrel on the New York Mercantile Exchange.