Oil futures settled lower Thursday, as worries about the global glut of supplies helped to send U.S. prices near a 4-month low under $49 a barrel.September West Texas Intermediate crude CLU5, +0.54% fell 74 cents, or 1.5%, to settle at $48.45 a barrel on the New York Mercantile Exchange, the lowest since March 31.
September Brent crude LCOU5, +0.24% on London’s ICE Futures exchange shed 86 cents, or 1.5%, to $55.27 a barrel.
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