Oil futures end lower, with U.S. prices down a sixth straight session

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Oil futures ended lower on Thursday, with U.S. prices down a sixth straight session — marking the longest losing streak for the front-month contracts since a six-session decline ended on Feb. 28, 2020, according to FactSet data. The number of COVID-19 cases in the U.S. continues to rise, feeding expectations for a slowdown in energy demand and prompting U.S. benchmark prices to settle at their lowest since May. West Texas Intermediate crude for September delivery
CLU21,
-2.03%
fell $1.77, or 2.7%, to settle at $63.69 a barrel on the New York Mercantile Exchange ahead of the contract’s expiration at Friday’s settlement.

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