Oil futures settled with a loss Tuesday as traders bet that U.S. government data will show that crude supplies climbed for an eighth straight week.December West Texas Intermediate crude CLZ5, +0.76% shed $1.07, or 2.6%, to settle at $40.67 a barrel on the New York Mercantile Exchange, giving back the 2.5% it gained a day earlier. The settlement was the lowest since August 26 for a most-active contract.

Brent crude LCOF6, +0.96% lost 99 cents, or 2.2%, to $43.57 a barrel on London’s ICE Futures exchange.
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