Oil futures fell Tuesday, as a slumping U.S. stock market fed concerns that the outlook for energy demand will continue to soften.
The drop comes ahead of weekly data that are expected to show a second straight weekly decline in U.S. crude supplies and a day after prices posted strong gains.
The October contract for West Texas Intermediate crude CLV5, -2.49% traded at $45.67 a barrel on the New York Mercantile Exchange, down $1.01, or 2.2%, on its expiration day. November crude CLX5, -2.49% which will become the front-month contract at the settlement, fell $1.03, or 2.2%, to $45.93 a barrel.
