U.S. oil futures log a second consecutive day of losses

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Oil futures fell for a second consecutive session on Thursday, with U.S. prices marking their lowest settlement in more than six weeks. Oil has declined on “concern that slowing economic activity will prompt a falloff in demand,” said Michael Hewson, chief market analyst at CMC Markets UK. West Texas Intermediate crude for August delivery CLQ22, +1.32% fell $1.92, or 1.8%, to settle at $104.27 a barrel on the New York Mercantile Exchange, the lowest front-month contract finish since May 10, FactSet data show.

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

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