Oil futures ended lower on Tuesday, with the U.S. benchmark falling back below $50 a barrel on renewed concerns over a global oversupply of crude. West Texas Intermediate oil futures for September delivery on the New York Mercantile Exchange fell $1.01, or 2%, to close at $49.16 a barrel. Oil slipped after a Bloomberg survey of analysts, oil companies, and ship-tracking data indicated the Organization of the Petroleum Exporting Countries saw crude output rise 210,000 barrels a day in July.
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