Commodities

Oil Futures Pare Early Gains, Settle Notably Lower

Crude oil futures settled lower on Thursday as worries about the outlook for energy demand due to slowing global economic growth weighed on prices.

Oil prices rose sharply earlier in the session, continuing to benefit from Wednesday's data from the Energy Information Administration (EIA) showing a drop in U.S. crude inventories last week.

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by RTTNews Staff Writer

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