Crude-oil futures continued to drop Tuesday, with the U.S. benchmark closing below $95 a barrel for the first time since January as fading geopolitical fears leave traders to focus on a supply glut.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in September CLU4, +0.54% dropped $1.93, or 2%, to close at $.94.48 a barrel, the lowest finish for a nearby futures contract since Jan. 17. October Brent crude LCOV4, -0.03% fell $1.93 to $101.46 a barrel.
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