WTI Oil Prices End Near a 13-year Low

By Myra P. SaefongMarketWatch Pulse

Oil futures settled at their lowest level in almost 13 years Thursday as expectations for weaker demand and a bigger glut of supplies pulled prices back below $27 a barrel. March West Texas Intermediate crude lost $1.24, or 4.5%, to settle at $26.21 a barrel on the New York Mercantile Exchange. That was the lowest settlement since early May 2003.

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