: U.S. oil futures hold above $70 a barrel


Oil futures settled lower on Tuesday, just a day snapping a four-session losing streak. “Monday’s recovery has stalled, and oil prices have struggle to make headway,” said Fawad Razaqzada, market analyst at StoneX. “This is hardly surprising given the weakness in [economic] data we have seen from China and Eurozone, as well as the ongoing debt-ceiling saga in the U.S.”  June West Texas Intermediate crude CLM23, -0.60% fell 25 cents, or nearly 0.4%, to settle at $70.86 a barrel on the New York Mercantile Exchange.

This article was originally published by Marketwatch.com. Read the original article here.

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