U.S. oil futures gave up early gains to finish lower on Thursday. “Crude prices remained a volatile trade as energy traders digested a surprising second consecutive contraction for the U.S. economy and reports that OPEC+ will likely keep production steady or consider a small increase in output,” said Edward Moya, senior market analyst at OANDA. September West Texas Intermediate crude fell 84 cents, or 0.9%, to settle at $96.42 a barrel on the New York Mercantile Exchange after trading as high as $99.84.
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.