Oil futures fell on Tuesday, with weak Chinese manufacturing data dulling the outlook for energy demand and U.S. prices settling lower after tallying a three-session climb of more than 27%.October West Texas Intermediate crude CLV5, -2.09% declined by $3.79, or 7.7%, to settle at $45.41 a barrel on the New York Mercantile Exchange. Prices gave back most of the $3.98, or 8.8%, gain they saw a day earlier.
October Brent crude on London’s ICE Futures exchange LCOV5, -1.59% fell $4.59, or 8.5%, to $49.56 a barrel, following a two-session climb of more than 15%.
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