Oil futures decline, with U.S. prices at their lowest in over a week
Oil futures declined on Thursday, with U.S. benchmark prices finishing at their lowest in more than a week. Risks to energy demand, the potential for a boost in Libyan production and overall strength in the U.S. dollar pushed prices sharply lower for the session. March West Texas Intermediate oil lost $1.37, or 2.5%, to settle at $52.64 a barrel, the lowest finish for a front-month contract since Jan. 28, according to FactSet data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.