U.S. oil benchmark futures prices end with modest loss [MarketWatch]
CME Group Inc. - Class A (CME)
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Source: MarketWatch
U.S. oil benchmark futures prices end with modest loss Prices for U.S. oil benchmark futures ended with a modest loss on Tuesday with traders focused on developments tied Iran and Venezuela and the potential that U.S. actions against those countries will contribute to tighter global crude supplies. Prices had touched their highest intraday levels since November 2014 before pulling back. Robbie Fraser, commodity analyst at Schneider Electric attributed the move lower to "the usual intraday volatility." June West Texas Intermediate crude CLM8, -0.21% which expired at the session's conclusion, fell 11 cents, or nearly 0.2%, to settle at $72.13 a barrel on the New York Mercantile Exchange. July WTI oil CLN8, -0.44% the new front-month contract, settled at down 15 cents, or 0.2%, to $72.20.
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