Oil futures settled at their lowest level in a week on Wednesday, pressured by an uptick in weekly U.S. crude inventories and news that Saudi Arabia saw record crude output in July. September WTI crude lost $1.06, or 2.5%, to settle at $41.71 a barrel on the New York Mercantile Exchange. That was the lowest settlement since August 3, according to FactSet data.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News