U.S. oil futures settle lower as natural-gas prices mark first gain in 4 sessions


U.S. oil futures settled lower on Tuesday as traders weighed the potential outcome of a meeting of the Organization of the Petroleum Exporting Countries and their allies later this week. OPEC+ is expected to increase production by another 400,000 barrels a day this month, but “there is some evidence that some of the smaller producers are struggling to increase their output to the levels required,” said Michael Hewson, chief market analyst at CMC Markets UK. West Texas Intermediate crude for December delivery fell 14 cents, or 0.2%, to settle at $83.91 a barrel on the New York Mercantile Exchange. Natural-gas prices,…

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

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