Crude-oil futures ended under $46 a barrel Tuesday, as oil supply estimates and comments from the United Arab Emirates’s oil minister about OPEC standing pat on oil production combined to stir oil-glut concerns.On the New York Mercantile Exchange, light, sweet crude for delivery in February CLG5, -1.35% fell 18 cents, or 0.4%, to $45.89 a barrel.
Brent crude LCOG5, -1.35% for February delivery on London’s ICE Futures exchange fell 84 cents, or 1.8%, to $46.59 a barrel. It traded as low as $46.40 a barrel.
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