Oil futures fell for a fifth straight session Tuesday to settle at their lowest level in two weeks, ahead of weekly U.S. data that are expected to show a climb in crude inventories. Prices however, managed to finish above the session’s lows as comments from Federal Reserve Chairwoman Janet Yellen weakened the dollar , offering some support for dollar-denominated oil. May WTI crude settled at $38.28 a barrel on the New York Mercantile Exchange, down $1.11, or 2.8%.
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